Reported about 10 hours ago
Saudi Aramco's digital subsidiary is reportedly in negotiations to invest $1 billion in U.S. software company Mavenir, potentially valuing the telecom software maker at around $3 billion. This investment aligns with Saudi Arabia's Vision 2030 initiative to enhance technological development and economic diversification. If finalized, it would be Aramco Digital's first significant foray into the telecommunications sector, complementing a separate $200 million investment for regional technology development.
Source: YAHOO