je.st

Home › facebook

Tag: facebook

Facebook to acquire stake in India's Jio Platforms for USD 5.7 bln

2020-04-22 08:57:00| Telecompaper Headlines

(Telecompaper) Facebook has agreed to invest INR 435.7 billion (approximately USD 5.7 billion) into India's Jio Platforms, the holding company of mobile operator Reliance Jio Infocomm. This investment gives Jio Platforms an enterprise value of INR 4.6 trillion (approximately USD 66 billion). Facebook's investment will translate into a 9.99 percent equity stake in Jio Platforms on a fully diluted basis.

Tags: usd acquire platforms facebook

Facebook commits to India with $5.7bn stake in Reliance Jio

2020-04-22 02:00:00| Total Telecom industry news

Facebook have announced today that they have purchased a 10% stake in Indian operator Reliance Jio for the sum of $5.7 billion. The deal was first hinted at last month, but talks had been reportedly delayed due to the coronavirus. However, while the virus shows no signs of slowing in India, it seems that business must go on. The move represents Facebook&rsquo…read more on TotalTele.com »

Tags: india reliance facebook stake

Facebook Gaming Powers Ahead With Live Streaming

2020-04-21 19:25:31| TechNewsWorld

Facebook has launched a free standalone app for creating and watching live video game play on Android devices. Some 700 million users already engage in gaming on the platform, but with its dedicated app Facebook is locking horns with the leaders in the market -- Amazon, Google and Microsoft. "Live streaming was a growth opportunity before the pandemic," noted Strategy Analytics' Michael Goodman.

Tags: live ahead gaming powers