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 …

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Balvinder Singh
Balvinder Singh

Founder And Editor at Tekraze.com. Loves to write about technology, gaming, business, tips and tricks. Working as a Senior Software Engineer in Infosys India. Exploring different blockchains as well.

Articles: 360

2 Comments

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