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Facebook bets on India with $5.7 billion Reliance deal

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Home Blogs > Business
Apr 22 '20 | By oiam2companyadmin | Views: 45 | Comments: 0

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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.
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Source: https://www.reuters.com/article/us-facebook-reliance-jio/facebook-bets-on-india-with-5-7-billion-reliance-deal-idUSKCN22404I?feedType=RSS&feedName=businessNews

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