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Reliance Said to Near Investment in Google-Backed Glance InMobi

  • Oil giant could invest $300 million in mobile content firm
  • Reliance and Google collaborating on affordable phone
Glance InMobi SOCIAL

Source: glance.com

Reliance Industries Ltd. is in talks to buy a stake in Indian mobile content provider Glance InMobi Pte, according to people familiar with the matter.

The conglomerate is considering investing about $300 million in the unicorn backed by Alphabet Inc.’s Google, the people said, asking not to be identified as the information is private. The transaction could be completed as soon as in the next few weeks, one of the people said.