On April 22nd, Facebook invested $5.7 billion in India telecom giant, Reliance Jio. This investment allows Reliance to leverage WhatsApp’s 400 million Indian users to enhance JioMart, its newly-launched e-commerce service. This will also allow Facebook to leverage Jio’s financial services to finally get a foothold in the Indian payments market.
On May 4th, Silver Lake Investments acquired about 1.15% of the company for $747 million, boosting the company’s valuation by 12.5% from the previous round to $65 billion.
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