Leaked minority stake in talks with Google parent company, Alphabet, and India's conglomerate Reliance over Jio Platforms
Another American company could buy into India's largest digital conglomerate, Reliance Industries. citing Bloomberg. This time, the Indian giant is said to be in advanced negotiations with Google's parent company, Alphabet, for a $ 4 billion investment package.
Alphabet would thus acquire an as yet unspecified minority stake in Jio Platforms, which includes, among others, India's largest telecommunications provider and retail store chain (Jio Mart). The move fits basically well into the investment strategy that Alphabet first spoke about in detail just a few days ago, explaining that the company could spend about $ 10 billion in India over the next 5-7 years as part of various investment agreements.
Reliance is one of the most attractive investment targets in a key market country for it – Facebook recently bought a 9.9 per cent stake in the company, but Microsoft and Qualcomm are also smaller investors in the company.
Gellert is Technology Editor at Counting News Media and contributor at other major tech publications. Her interests includes testing new gadgets and reading.