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Facebook bets on India with $5.7 billion Reliance deal
12:30pm, 22nd April, 2020

Facebook bets on India with $5.7 billion Reliance deal

Facebook is set to spend $5.7 billion to buy a 9.99% stake in Reliance Industries' digital arm, as it looks to roll out services for India's grocers and small businesses by capitalizing on WhatsApp's extensive reach in the country.