What’s behind Jordan’s latest investment?
Jordan Big Fund is the biggest hedge fund in the world and has been investing in a variety of companies for years.
In February, the firm said it would buy a majority stake in the mobile-phone company Alcatel-Lucent.
Last week, it announced a deal with Verizon Wireless to buy a 30 percent stake in AT&T.
The new company is called Jordan Big Capital and it is backed by billionaire investor Jason Greenblatt and his wife, Elizabeth, who are also investors in Blackstone Group, the largest private-equity firm in the U.S.
Greenblatt also owns a major stake in a number of tech firms.
The Greenblatts have been buying into companies with a long history of success, like Apple and Twitter, which have thrived as the internet and mobile industry has grown.
They are also investing in startups like the virtual-reality headset Oculus VR, which has attracted huge interest from investors around the world.
Greenbatt has also backed some big tech companies in the past.
He was part of the initial push to acquire Yahoo for $4.4 billion in 2014, and in December he bought a controlling stake in Google for $18 billion.
Jordan Big has also bought a sizable stake in PayPal for $1.5 billion.
Jordan Big, a private-investment firm, is known for its big bets and is often credited with creating the digital currency Bitcoin, which was created in 2009.
The fund is also known for the purchase of Apple and Yahoo in 2014.
The company, which is not publicly traded, was founded in 2005.