Wednesday, April 22, 2020

Reliance Jio – Facebook Deal: Facbook invests Rs 43,574 Crores in Jio for a minority stake

Facebook has its biggest user base in India where all its platforms – Facebook, Messenger, WhatsApp are household names. However, the rocketing popularity of TikTok app is being perceived as an emerging threat for the industry leader. Facebook is trying to tilt the balance in its favor and has acquired 9.99-percent in Reliance Jio. As […]

The post Reliance Jio – Facebook Deal: Facbook invests Rs 43,574 Crores in Jio for a minority stake appeared first on Smartprix Bytes.



source https://www.smartprix.com/bytes/reliance-jio-facebook-deal-facbook-invests-rs-43574-in-jio-for-a-minority-stake/

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