Facebook confirms $5.7bn investment in JioSaavn’s parent telco
Posted on: 22 avril 2020, by : Stuart Dredge

In March, we reported on speculation that Facebook was in negotiations to buy a 10% stake in Indian telco Reliance Jio, the parent company of music streaming service JioSaavn. Now Facebook has confirmed that it has made a $5.7bn investment in the company, which will make the social network its largest minority shareholder. Music wasn’t mentioned in the press […]
The post Facebook confirms $5.7bn investment in JioSaavn’s parent telco appeared first on Music Ally.
Source: Music ally

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