Facebook was reportedly in talks with Reliance Jio to purchase 10% of the Indian telco, according to a report in the Financial Times. According to the paper, this 10% stake was being valued in billions of dollars. The report also added that aside from the social media giant, Reliance Jio was also in separate talks with Google.
As per the FT report (paywall), Facebook and Reliance Jio had been in talks which only halted recently owing to global travel bans because of the coronavirus outbreak, according to two people familiar with the matter.
According to a report published in November,