Facebook Seals Biggest Deal Since WhatsApp With Ambani

Apr 22, 2020 · 5 min read
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A customer provides a finger print scan while connecting a mobile phone to the carrier Reliance Jio, the mobile network of Reliance Industries Ltd., at a mobile phone store in Mumbai, India, on Monday, Oct. 24, 2016. Mukesh Ambani’s Reliance Industries began offering mobile services last month under the Jio brand. Photo: Dhiraj Singh/Bloomberg

By Anto Antony, Kurt Wagner, and Manuel Baigorri

Facebook Inc. will invest $5.7 billion in the digital assets controlled by Asia’s richest man, the U.S. social-networking giant’s biggest deal since the 2014 purchase of WhatsApp as it seeks a broader foothold in its biggest global market.

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