427: Reliance Jio-Facebook Deal: What is Their Plan for India? - a podcast by The Quint
from 2020-04-22T14:17:11
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Mark Zuckerberg-led Facebook has acquired a 9.99 percent stake in Mukesh Ambani's Reliance Jio in a whopping $5.7 billion deal.
This is the world’s largest-ever tech tie-up involving India’s richest man Mukesh Ambani and the world's largest social media company. And with this deal, Facebook is now the largest minority shareholder in Reliance Jio. But this deal may not be so much about Facebook as it is about WhatsApp.
What does Facebook have to gain from it? What does Reliance Jio have to gain from it? And most importantly, what does it mean for Indians? Tune in to The Big Story!
Producer and Host: Shorbori Purkayastha
Guest: Aunindyo Chakravarty, Former Managing Editor of NDTV
Reporter: Sushovan Sircar
Editor: Shelly Walia
Music: Big Bang Fuzz
References:
Facebook's $5.7bn bet on India's richest man Mukesh Ambani
Boost for small sellers, beyond chats on WhatsApp: What Facebook-Jio deal could mean for India
Together, Reliance Jio and Facebook are sitting on a goldmine of data
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