Jio friends Facebook, 4 others

0
1314
facebook
LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link

Hogan Lovells and Shardul Amarchand Mangaldas (SAM) represented social media company Facebook on its US$5.7 billion purchase of a 9.9% stake in Jio Platforms, the digital arm of India’s Reliance Industries. Jio was advised by Davis Polk & Wardwell and AZB & Partners.

Gibson Dunn & Crutcher, White & Case, and Fenwick & West also advised Facebook on the transaction.

The deal provides Facebook and its CEO, Mark Zuckerburg, with direct access to Jio’s 380 million subscribers and a strong foothold into India’s booming mobile market and growing digital economy. Facebook’s WhatsApp also has 400 million users in India, with the social media giant set to add a payment feature to this service. Jio Platforms, the digital services subsidiary of Reliance Industries, also raised an additional US$4.62 billion from four financial investors.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

LinkedIn
Facebook
Twitter
Whatsapp
Telegram
Copy link