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Google Is in Advanced Talks to Invest $4 Billion in Jio Platforms

  • Announcement could come as soon as the next few weeks
  • Google on Monday pledged to invest $10 billion in India fund
Telecom And Retail Gains Give Boost to Reliance Industries
Photographer: Dhiraj Singh/Bloomberg
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Google is in advanced talks to buy a $4 billion stake in Indian billionaire Mukesh Ambani’s technology venture, people familiar with the matter said, seeking to join rival Facebook Inc. in chasing growth in a promising internet and e-commerce market.

The Mountain View, California-based company has been discussing the investment in Jio Platforms Ltd., the digital arm of Ambani’s Reliance Industries Ltd., the people said, asking not to be identified because the information is private. An announcement could come as soon as the next few weeks, according to the people.