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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
Facebook reveals Gaming app to rival Twitch and YouTube
2020-04-20 15:27:10| BBC News | Business | UK Edition
The social network accelerated the launch of Facebook Gaming due to the coronavirus lockdown.
Tags: gaming
youtube
app
reveals
Facebook and Samsung donate thousands of devices to NHS
2020-04-09 01:07:40| BBC News | Business | UK Edition
Samsung will donate 2,000 smartphones, while Facebook is offering its video-calling screen Portal.
Tags: to
thousands
samsung
devices
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