12158 origin 1 - Google to buy $4.5 bn stake in digital unit of India's Reliance

Google to buy $4.5 bn stake in digital unit of India’s Reliance

Mumbai (AFP) – Google will buy a $4.5 billion stake in Reliance’s digital unit and jointly develop an entry-level smartphone with the Indian conglomerate, the two companies said Wednesday as global tech giants race to grab a share of the country’s massive market.”We are delighted to welcome a household name in India and worldwide, Google, and have signed a binding partnership and investment agreement,” Reliance chairman Mukesh Ambani told shareholders at the oil-to-telecom behemoth’s annual meeting.He said it would give the US firm a 7.7 percent stake in Jio Platforms. The two firms will also …

Read More

dmca badge w150 5x1 09 - Google to buy $4.5 bn stake in digital unit of India's Reliance
Default image
Balvinder Singh
Working as a full stack and DevOps in Dehaze.io remotely. He loves to write about technology, tips tricks, and guides. He loves WordPress when not coding he can be seen watching movies playing games or listening to songs.