Facebook interested in stakes of Jio

[iDJ]

Delhi: Facebook is in talks to buy a multibillion-dollar stake in Mukesh Ambani’s digital operation Reliance Jio to expand its presence in the Indian digital market, according to a report by the Financial Times, citing people with knowledge of the discussions.

It added that the Silicon Valley technology giant was close to signing a preliminary deal for a 10 per cent share, but negotiations stalled because of the global travel bans that have been implemented since the coronavirus outbreak.

Facebook eyes multi billion dollar stake in Reliance Jio: Financial Times

 

[Jagadeesh]

Facebook to pick up 9% stake in Reliance Jio for 50,000 crore. Announcement expected very soon (might be tomorrow). They will also join hands to create a super app.

Mukesh Ambani | RIL: Reliance Industries, Facebook weigh creating a super-app - The Economic Times

https://twitter.com/x/status/1251550759226765312

https://twitter.com/x/status/1251551452427739136

 

[Siva]

Closed, please continue here.

Facebook bought 10% In Reliance Jio for ₹43574 crores