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Facebook acquires 9.99% equity stake in India’s Jio Platforms for $5.7 billion

Facebook Inc has announced a $5.7 billion investment in India’s Reliance Industries Ltd’s telecom unit. The social media giant’sĀ investment will translate to a 9.99 per cent equity stake in Jio Platforms on a fully diluted basis, Jio said in a statement. Facebook on Wednesday said it would focus on collaborating its messaging platform WhatsApp with […]