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Facebook-Jio deal: Mark Zuckerberg shares goal of deal with Ambani

Facebook-Jio deal: Mark Zuckerberg shares goal of deal with Ambani

BusinessToday.In
BusinessToday.In
  • ,
  • Apr 22, 2020,
  • Updated Apr 22, 2020, 6:20 PM IST

Facebook, on Wednesday, announced a Rs 43,574 crore investment in Mukesh Ambani-led Jio Platforms Limited. With the investment, Facebook will hold a 9.99 per cent stake in Jio Platforms and will be the largest minority shareholder. Facebook CEO Mark Zuckerberg shared the goal behind the deal and how it would help India's 60 million small businesses.

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