CCI okays Google acquiring 7.73% equity share capital of Jio Platforms
According to reports, Google’s proposed investment is worth $4.5 billion
The Competition Commission of India (CCI) has given its nod to Google’s proposed investment of $4.5 billion in Jio Platforms.
Commission approves acquisition of 7.73% equity share capital of Jio Platforms by Google pic.twitter.com/U247YcYKEc— CCI (@CCI_India) November 11, 2020
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.
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