Mar 25, 2020

Facebook might Acquire 10 p.c. Stake in Reliance Jio.

Facebook is seen to be in talks with Reliance Jio to secure a deal. The deal might be anywhere in the range of millions of rupees. Both the companies were seen to be discussing regarding this since a long time. 
The deal was about to get sealed by the month of March 2020. Facebook was all set to acquire around 10 p.c of stake in Reliance Jio. 
Reliance Jio has since it's inception become quite popular. With providing low cost of data and unlimited calling features it has come a long way. 
On the other hand, Facebook seems to have a huge potential in the Indian market. Facebook owned apps that is Facebook and WhatsApp are used increasingly all over the world and have millions of users. 
Apart from Facebook, Microsoft too has showed interest in Reliance Jio. 

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