by Babu Mohan on (#55QX4)
Facebook had acquired a 9.99% stake in Jio Platforms for $5.7 billion earlier this year.Update, July 15 (7:30 am ET): Google confirms $4.5 billion investment in Jio Platforms.What you need to knowGoogle is reportedly in "advanced talks" to acquire a stake in Reliance's Jio Platforms.The search giant is looking to invest about $4 billion in Jio Platforms. Jio is India's leading cellular network, with nearly 400 million subscribers. In April this year, Facebook invested $5.7 billion in Jio Platforms, which is a wholly-owned subsidiary of Reliance Jio, India's leading cellular network. A report from Bloomberg Quint now claims Google is in "advanced talks" to acquire a stake in Jio Platforms.Citing people familiar with the matter, the publication says the search giant has been discussing an investment of around $4 billion in Jio Platforms. A formal announcement is expected to be made within the next few weeks.As noted by Bloomberg Quint, Google would become the fourteenth...