The bidding for the Oval Invincibles stake was intense, with the Ambani finally outbidding CVC Capital Partners and a consortium of Silicon Valley CEOs, including Sundar Pichai and Satya Nadella. The acquisition makes them influential players in one of the most valuable franchises in 'Hundred' competition.

Reliance Industries Limited, owned by India's wealthiest Ambani family, has acquired a 49% stake in the England's The Hundred side, Oval Invincibles. The group already owns the Mumbai Indians franchise in the IPL,

The Ambani family, which also own the Mumbai Indians franchise in IPL, will take a 49% holding in Oval Invincibles, according to a person familiar with the matter.

Mumbai Indians won a fiercely contested e-auction, fending off competition from a Silicon Valley tech consortium, comprising the chief executives of Google, Microsoft, and Adobe as well Gujarat Titans owners CVC.

Surrey-based team become first to be sold off in ECB equity sale, as giants of IPL secure winning bid | ESPN.co.uk