JioSaavn App Launched, Jio Users Get 90 days of Saavn Pro

JioSaavn is finally here. Reliance Jio had revealed its planned acquisition of Saavn back in March. As the deal is done, Saavn is now rebranded to JioSaavn App. Both the iOS as well as Android app Store has undergone the rebranding. With the merger now public, in app features happen to remain as before, however the icon and settings menu does contain some expected makeover. The changelog reveals that all Jio network users will be offered 90 days complimentary access to the premium Saavn Pro subscription.

About the Deal:

Jio announced in March that the combined entity (Jio Music and Saavn) would have a combined value of $1 billion (roughly Rs. 7,025 crores) that includes an ‘implied valuation' of $670 million (about Rs. 4,700 crores) for Jio Music alone. As part of the deal, Jio was reported to take a stake in Saavn for $104 million (around Rs. 730 crores) with the three co-founders keeping their leadership posts. At the announcement, Jio had announced that it had plans to invest $100 million (roughly Rs. 702 crores) in the joint entity.
Download JioSaavn App for your devices now!