Facebook bets on India with $5.7 billion Reliance deal

Facebook bets on India with $5.7 billion Reliance deal

4 years ago
Anonymous $9CO2RSACsf

https://www.reuters.com/article/us-facebook-reliance-jio/facebook-bets-on-india-with-5-7-billion-reliance-deal-idUSKCN22404I

Facebook is set to spend $5.7 billion to buy a 9.99% stake in Reliance Industries' digital arm, as it looks to roll out services for India's grocers and small businesses by capitalizing on WhatsApp's extensive reach in the country.

Facebook bets on India with $5.7 billion Reliance deal

Apr 22, 2020, 6:17pm UTC
https://www.reuters.com/article/us-facebook-reliance-jio/facebook-bets-on-india-with-5-7-billion-reliance-deal-idUSKCN22404I >Facebook is set to spend $5.7 billion to buy a 9.99% stake in Reliance Industries' digital arm, as it looks to roll out services for India's grocers and small businesses by capitalizing on WhatsApp's extensive reach in the country.