Facebook Invests $5.7 Billion In Reliance Jio, Acquires 9.9% Stake; Biggest Digital Ecosystem Deal

Name: Facebook Invests $5.7 Billion In Reliance Jio, Acquires 9.9% Stake; Biggest Digital Ecosystem Deal
Uploaded: 2020-04-22T09:04:17+00:00
Description: Facebook Invests $5.7 Billion In Reliance Jio, Acquires 9.9% Stake; Biggest Digital Ecosystem Deal

Facebook has invested $5.7 billion in Reliance Jio to acquire a 9.9% stake. It has been India's biggest digital ecosystem deal so far. This makes Facebook Reliance Jio's major minority shareholder. The social media giant talks about collaborating it's messaging platform i.e., WhatsApp with Reliance eCommerce Jio Mart.

Facebook Invests $5.7 Billion In Reliance Jio, Acquires 9.9% Stake; Biggest Digital Ecosystem Deal

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