Google to buy $4.5 billion stake in digital unit of India’s Reliance: Ambani – Gulf Today

Google to buy $4.5 billion stake in digital unit of India’s Reliance: Ambani – Gulf Today

Apple, Google plan new software

"We are delighted to welcome a household name in India and worldwide, Google, and have signed a binding partnership and investment agreement," which will give the Silicon Valley firm a 7.7-per cent stake in Jio Platforms, Mukesh Ambani told shareholders at the oil-to-telecom behemoth's annual meeting.

Major players including Facebook, Intel and others have already ploughed some $15 billion into Jio Platforms this year, as Ambani “” India's richest man “” seeks to take on US giants Amazon and Walmart in India's growing online retail sector.

Agence France-Presse