A visitor passes a mural depicting various social media sites logos, including Facebook, inside a building in Bangalore, India. Facebook’s US$5.7 billion stake in the Jio Platforms unit of Reliance Industries marks one of the biggest foreign investments in the country. Photo: Agence France-Presse A visitor passes a mural depicting various social media sites logos, including Facebook, inside a building in Bangalore, India. Facebook’s US$5.7 billion stake in the Jio Platforms unit of Reliance Industries marks one of the biggest foreign investments in the country. Photo: Agence France-Presse
A visitor passes a mural depicting various social media sites logos, including Facebook, inside a building in Bangalore, India. Facebook’s US$5.7 billion stake in the Jio Platforms unit of Reliance Industries marks one of the biggest foreign investments in the country. Photo: Agence France-Presse

Facebook seals biggest deal since WhatsApp with Mukesh Ambani, Asia’s richest man

  • The world’s largest social media company will pay US$5.7 billion for a 10 per cent stake in Jio Platforms, a unit of India’s Reliance Industries
  • The deal would allow Facebook to step up its expansion in a country that is rapidly embracing online payment and e-commerce

Topic |   Facebook
A visitor passes a mural depicting various social media sites logos, including Facebook, inside a building in Bangalore, India. Facebook’s US$5.7 billion stake in the Jio Platforms unit of Reliance Industries marks one of the biggest foreign investments in the country. Photo: Agence France-Presse A visitor passes a mural depicting various social media sites logos, including Facebook, inside a building in Bangalore, India. Facebook’s US$5.7 billion stake in the Jio Platforms unit of Reliance Industries marks one of the biggest foreign investments in the country. Photo: Agence France-Presse
A visitor passes a mural depicting various social media sites logos, including Facebook, inside a building in Bangalore, India. Facebook’s US$5.7 billion stake in the Jio Platforms unit of Reliance Industries marks one of the biggest foreign investments in the country. Photo: Agence France-Presse
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