Google is in advanced talks to invest US$4bil in Jio Platforms


Jio Platforms Ltd has already attracted more than US$15bil (RM64bil) of investments in just a few months. — Reuters

Google is in advanced talks to buy a stake in Reliance Industries Ltd’s digital arm Jio Platforms Ltd, according to people familiar with the matter.

The US technology company has been discussing an investment of about US$4bil (RM17.1bil), the people said, asking not to be identified because the information is private. An announcement could come as soon as the next few weeks, according to the people.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

L3Harris raises top end of 2024 adjusted earnings outlook amid global tensions
Microsoft results top Wall Street targets, driven by AI investment
Google parent announces first-ever dividend; beats on sales, profit; shares soar
Health conglomerate Kaiser notifies millions of a data breach
Intel forecast misses estimates; shares tumble
T-Mobile raises forecast for subscriber additions on strength from bundled plans
Snap beats first-quarter expectations, shares jump 25%
Crypto firm Consensys sues US SEC over Ethereum regulation
Warner Bros Discovery to launch data platform for better ad-targeting
Microsoft-backed Rubrik's stock jumps 21% in NYSE debut

Others Also Read