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Facebook in talks to acquire stake in top Indian telco Reliance Jio, report says

Photo by: TechCrunch

Reliance Jio, a three-and-a-half-year-old subsidiary of India’s most valued firm Reliance Industries, may have attracted the attention of an American giant: Facebook. The social conglomerate is in talks to acquire a 10% stake in Indian telecom operator, the Financial Times reported Tuesday. The size of the deal, the paper said, was in “multi-billion dollars.” Analysts at Bernstein valued Jio...

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