Mergers & Acquisitions Mergers & Acquisitions

Facebook stakes $5.7 billion in India's largest Internet provider

By Phoebe Seers
  • 22 Apr 2020 05:24
  • 22 Apr 2020 05:24
Facebook, the world’s biggest social networking site, has secured nearly 10 percent of Reliance Jio, India’s largest Internet provider, in exchange for $5.7 billion. 

The deal also has implications for India’s hotly contested e-commerce sector as WhatsApp, the Facebook-owned chat app, teams up with Jio’s new e-commerce platform JioMart to connect small merchants with

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