CCI okays Google acquiring 7.73% equity share capital of Jio Platforms

According to reports, Google’s proposed investment is worth $4.5 billion

e4m by exchange4media Staff
Updated: Nov 12, 2020 5:21 PM

The Competition Commission of India (CCI) has given its nod to Google’s proposed investment of $4.5 billion in Jio Platforms.

In July, Google had said it would be investing for a 7.73% stake in Jio.

Both the entities are planning to come up with a customised-version of the Android mobile operating system in order to come up with low-cost smartphones, media networks have said.

Read more news about (internet advertising India, internet advertising, advertising India, digital advertising India, media advertising India)

For more updates, be socially connected with us on
Instagram, LinkedIn, Twitter, Facebook & Youtube