BENGALURU/NEW DELHI : 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 $4 billion, 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.
- Google is in advanced talks to invest $4 billion for a stake in the Jio Platforms of Indian conglomerate Reliance Industries. An announcement could come as soon as the next few weeks
- Google on Monday said it plans to spend $10 billion over the next five to seven years to help accelerate the adoption of digital technologies in India
Details of the potential deal could change, and negotiations could still be delayed or fall apart, the people said. Representatives for Google and Reliance didn’t immediately respond to requests for comment.
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