Facebook has decided to buy a 10% stake in Indian Jio platforms, valued at $ 5.7 billion, which is the largest Facebook deals since the acquisition of WhatsApp in 2014. p>
According to ArabiaNet, the Jio Platforms of Reliance Industries include the electronic application units and wireless platforms of the company, and also includes JioMart for electronic commerce.
Facebook is seeking to expand into the e-commerce and payments sector in the Indian market.
The Facebook company surprised the markets by its acquisition in 2014 of instant messaging and WhatsApp in a deal estimated at $ 19 billion, divided between an amount paid in cash and shares in the company that owns the largest communication site on the Internet.
Facebook paid $ 12 billion in shares for the acquisition of WhatsApp, while it paid $ 4 billion in cash, according to the report submitted by the company to the US Securities and Exchange Commission, at the time.
The company intends to pay an additional $ 3 billion in restricted shares for WhatsApp owners and service staff, which are shares that are usually restricted by several conditions, and their ownership will not be transferred unless these conditions are fulfilled. By completing the terms of these restricted shares, the value of the acquisition increased to $ 19 billion.
