MUMBAI: Social media giant Facebook is reportedly looking at picking up a 10% stake in Reliance Jio Mukesh Ambani's Reliance Jio in a deal that would be worth ‘multi-billion’ dollars, reports Financial Times.
According to the report, the ever-widening repercussions of the coronavirus pandemic could alter the schedule of negotiations. It is speculated that Facebook’s interest in Jio has been piqued after its own free internet initiative ‘Free Basics’ failed to take off in India.
