Google is reportedly in 'advanced talks' to invest $4 billion in Jio Platforms
Google is reportedly in talks to buy a stake in Mukesh Ambani's Jio Platforms, which has been valued at $65 billion.Several other U.S. investors have also bought shares in the company.Google is in "advanced talks" to invest $4 billion in Indian telecommunications firm Jio Platforms, according to aThe announcement could come in the next few weeks, sources familiar with the matter reportedly told Bloomberg.
Jio Platforms operates the Jio Infocomm telecom network, which has amassed over 388 million 4G subscribers since launching in 2016. Today it is India's top telco, and also has several apps and other services in e-commerce and broadband.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ackman's blank check company raises IPO target to $4 billionPershing Square Tontine Holdings Ltd, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public offering by $1 billion to $4 billion, the largest ever IPO by a special purpose acquisition company.
Read more »
Alphabet's Google commits $10 billion to accelerate digitization in IndiaAlphabet Inc's Google on Monday said it would spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a key growth market.
Read more »
Google will invest $10 billion in India over the next few yearsGoogle is planning to invest $10 billion in India as part of plans to make the internet 'affordable and useful' for a billion people.
Read more »
Google supports OECD engagement on digital taxes, CEO Pichai saysGoogle supports OECD engagement on digital taxes, sundarpichai says. The OECD talks involve over 100 countries on a major rewrite of global tax rules to bring them up to date for the digital era, but they have so far not produced results via adityakalra
Read more »
Vaccine makers’ 'no profit' pledge stirs doubts in CongressSome pharmaceutical companies developing Covid-19 vaccine candidates have pledged to not take a profit. But neither the companies nor the U.S. government bankrolling the vaccine research has defined what forgoing a profit means or how long that will last
Read more »