Google (GOOGL) will pump $4.5 billion into Mukesh Ambani’s Jio Platforms, the digital technology arm of sprawling conglomerate Reliance Industries. That gives Google a 7.7% stake in the company, the companies announced Wednesday.
The investment includes a deal to jointly develop an entry level, affordable smartphone and “expand the benefits of digitization across the length and breadth of India,” they said. The deal values Jio at about $58 billion.
Jio Platforms includes India’s biggest mobile…
Source link
