Google signs a $4.5B (INR 33,737 Crore) agreement with Jio... Updates from Facebook, Twitter, Snapchat, Pinterest, and Reddit
July 16, 2020
Google signs an agreement to invest $4.5 billion (INR 33,737 crore) in Jio Platforms Ltd, taking a 7.73 percent stake in the company - Official Announcement
As explained by Google:
"Google and Jio Platforms have entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimizations to the Android operating system and the Play Store. Together we are excited to rethink, from the ground up, how millions of users in India can become owners of smartphones. This effort will unlock new opportunities, further power the vibrant ecosystem of applications and push innovation to drive growth for the new Indian economy."
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