Table of Contents
- 1 How does the strategic alliance with Reliance Jio benefit Facebook 10 marks?
- 2 Does Ambani share on Facebook?
- 3 Is Jio sold to Facebook?
- 4 How many TV channels Ambani own?
- 5 Should Ambani be happy with Reliance’s $5 billion investment from Facebook?
- 6 How does the reliance-Facebook deal with WhatsApp benefit Reliance Retail?
How does the strategic alliance with Reliance Jio benefit Facebook 10 marks?
Facebook’s purchase of nearly 10\% stake in Jio marks its entry in India, improves Reliance’s balance sheet, allows each company to gain from the other’s reach.
During the Reliance Annual General Meeting, Chairman Mukesh Ambani announced that Google has invested ₹33,737 crore in Jio Platforms for a 7.7\% stake. Google became the second largest investor in Jio after Facebook which has a 9.9\% stake in the company.
How can I buy Reliance Jio shares?
You can easily buy Reliance Industries shares in Groww by creating a demat account and getting the KYC documents verified online.
Is Jio sold to Facebook?
India’s antitrust watchdog has given its blessing to Facebook and Reliance Jio Platforms for their $5.7 billion deal.
How many TV channels Ambani own?
It is parent company of 46 mass media channels in 8 languages which include the franchises of Colors, MTV, Nickelodeon, VH1 and Comedy Central.
What does Facebook’s acquisition of Reliance Jio platforms mean for India?
(AP Photo) Facebook ’s purchase of a nearly 10\% stake in Reliance Industries’ digital business unit Jio Platforms brings one of the world’s largest Internet companies on the table with India’s largest telecom player.
Should Ambani be happy with Reliance’s $5 billion investment from Facebook?
The same week that the economics of global oil was flipped on its head, Reliance snapped up a cool $5.7 billion (Rs 43,574 crore) investment from Facebook in return for a 9.99\% stake in Jio Platforms, the subsidiary that will house a majority of the empire’s digital assets. Ambani also has more than a few reasons to be happy.
How does the reliance-Facebook deal with WhatsApp benefit Reliance Retail?
WhatsApp boasts 400 million users in India. Further, using WhatsApp’s base also allows Reliance Retail to promote its services to users of Jio’s rival telecom players. Also read | Reliance-Facebook deal opens up WhatsApp’s entire user base for Mukesh Ambani What does the deal mean for Facebook?
How will Jio use cash inflow from Facebook deal to lower debt?
Of the cash inflow from the Facebook deal, Jio Platforms is expected to retain Rs 15,000 crore, while the rest will be used by RIL to lower debt by redeeming the optionally convertible preference shares it holds.