Ambanis beat Silicon Valley CEOs, win bid for 49% stake in London cricket team

Billionaire Mukesh Ambani & his family beat private equity firms and Silicon Valley executives in a bidding war for a stake in the Oval Invincibles cricket team in London, Bloomberg reported. Ambanis will take a 49% holding in the team. The team participates in The Hundred, a new short-form cricket competition in England and Wales.