You are here: Home » Companies » News
Kotak Mahindra Bank plans share sale of Rs 7,500 crore
Business Standard

Why Facebook is spending billions for a minority stake in Reliance Jio

The social media giant apparently seeks to catch up on mobile commerce after its WhatsApp Pay failed to make a mark

Topics
Facebook | Reliance Jio | Google Pay

Pavan Lall 



election, facebook
Facebook's entry into India has seen the company do things differently from other markets

(FB) is no stranger to large acquisitions. The social media giant bought Instagram for $1 billion in 2012, WhatsApp for $19 billion in 2014, and virtual reality firm Oculus VR the same year for another $2 billion.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, April 22 2020. 17:40 IST

RECOMMENDED FOR YOU

.