Facebook’s Investment in Reliance’s Jio Platforms Moves Its eCommerce Dream Forward

Facebook’s Investment in Reliance’s Jio Platforms Moves Its eCommerce Dream Forward

On April 22, Facebook invested $5.7 billion for a 9.9% stake in Jio Platforms, owned by Reliance Industries. The deal valued Jio at a pre-money valuation of $65.95 billion, making Facebook the largest minority shareholder in the Indian telecom network. Some of the key takeaways for the deal are as follows: Both firms are working …

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