Google Ready to Plow $4 Billion Into India’s Jio Platforms
Fresh from saying it was ready to invest as much as $10 billion in India over the next five to seven years, Alphabet's (NASDAQ: GOOG)(NASDAQ: GOOGL) Google is reportedly negotiating a $4 billion investment in telecom and internet provider Jio Platforms, a division of the country's Reliance Industries, according to Bloomberg.
Google would join a growing list of major investors, including Facebook (NASDAQ: FB), which took a $5.7 billion stake in Jio earlier this year (making Facebook the largest minority shareholder in the company); private equity firms KKR and Vista Equity Partners, both of which put $1.5 billion into the company; and chip companies Intel and Qualcomm.
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Source Fool.com
