Facebook pays $5.8b subscription amount to Jio Platforms

Facebook pays $5.8b subscription amount to Jio Platforms

The Facebook logo is displayed and lit on a wall. Photo: Alex Haney/Unsplash

Facebook Inc-owned Jaadhu Holdings LLC has paid the subscription amount of 43,574 crore to Reliance Industries Ltd’s (RIL) digital services subsidiary Jio Platforms Ltd to acquire 9.99% stake in the latter, RIL said in a statement on Tuesday.

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