Wednesday, June 24, 2020

CCI okays Facebook's investment of Rs 43,574 crore in Jio Platforms

On April 22, Facebook said it will invest Rs 43,574 crore in Jio Platforms for a 9.99% stake in an all-cash deal that will help the oil-to-retail conglomerate reduce debt and strengthen the social media company’s presence in its largest market, especially for its WhatsApp unit.

from Tech-Economic Times https://ift.tt/3hUAHMV
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