Facebook invests $5.7 billion in India’s Reliance Jio

(Reuters) - Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd's telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited. The social media giant said https://bit.ly/2RX7iGN it would focus on collaborating its messaging platform WhatsApp with Reliance's e-commerce venture JioMart to enable people to connect with businesses, shops and purchase products. Last month, Financial Times reported that social media giant was in talks for a 10% stake in Jio but the talks were halted due to global travel bans amid the coronavirus outbreak.

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