ADVERTISEMENT

Reliance Jio-Facebook Mega Deal: Why WhatsApp’s Role is Key

What does the Facebook-Reliance Jio deal mean for Indians? Tune in to The Big Story!

Updated
Podcast
1 min read

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 tech tie-up till date, 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!

(At The Quint, we are answerable only to our audience. Play an active role in shaping our journalism by becoming a member. Because the truth is worth it.)

ADVERTISEMENT
Published: 
ADVERTISEMENT
Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!
ADVERTISEMENT