Your browser is currently blocking notification.
Please follow this instruction to subscribe:
X
Notifications are already enabled.
X

Inc42 Shots | The Math Behind The Facebook-Jio Deal

Global tech giant Facebook has become the biggest minority stakeholder in Reliance Jio with an investment of $5.7 Bn. The social media giant has acquired a 9.99% stake in Reliance Jio at a pre-money valuation of $65.95 Bn after months of speculation about the investment.

A day after industry experts and government officials raised the red flag over the fallout of the Reliance Jio-Facebook deal on competitors and data sharing, Reliance Industries Limited (RIL) strategy head Anshuman Thakur assuaged any such fears.

Clearing the air, Ajit Mohan, vice president and MD, Facebook India highlighted that data sharing wasn’t part of the deal struck between the two companies.

To read more, click here.

Author

Harshil Khatter

Inc42 Staff