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Facebook Invests $5.7 Billion for Stake in India’s Jio

By
Alex Heath
· · Source: The Information

Facebook has invested $5.7 billion for a 10% stake in Jio Platforms, an Indian tech company that includes the nation’s largest wireless provider, Reliance Jio. The deal, which Jio said values its business at roughly $66 billion, is a strong signal of Facebook’s interest in expanding its presence in India. Facebook CEO Mark Zuckerberg said in a post announcing the deal that the two companies...

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