Tag Archives: Facebook

Facebook invests $ 5.7B in Indian operator Jio

[ad_1] Facebook has announced that it has invested $ 5.7 billion in Jio Platforms, part of Indian conglomerate Reliance Industries’ broader portfolio. According to a social media blog post, the main reason behind the deal that made Facebook the largest minority shareholder is to combine the powers of JioMart and …

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Facebook Acquires $ 5.7 Billion Stake in Indian Internet Giant Jio

[ad_1] Facebook has made a big bet in India by investing $ 5.7 billion in Jio Platforms, the technology subsidiary of multinational conglomerate Reliance Industries. Jio operates various broadband platforms, mobile services, and online commerce, and Facebook’s investment gives it a stake of around 10 percent in the company, making …

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