comscore Google in advanced talks with Jio Platforms over new deal | BGR India
News

Google in advanced talks with Jio Platforms over reported $4 billion investment: Report

An official announcement for the deal between Google and Jio Platforms is expected to come out in the coming weeks.

  • Updated: July 15, 2020 9:58 AM IST
mukesh-ambani-reliance-jio

Tech giant Google is reportedly in advanced talks with Reliance’s Jio Platforms for an investment. The expected USD 4 billion investment would be the latest in a string of big investments in the Indian company after big names like Facebook, Qualcomm, and Intel have invested in the company. Also Read - Google for India: Internet giant to invest $10 billion in India to expand its presence

As per a report by Bloomberg, the California-based company has been discussing the deal with Jio Platforms for a while now. We could be looking at the official announcement in the next few weeks as per the report. Also Read - Jio Platforms: Qualcomm Ventures follows Intel Capital to invest Rs 730 crore for a 0.15 percent stake

Watch: BGR Talks: Sameer Raje, Head of India – Zoom Video Communications

Over the past few months, Jio Platforms has turned into a magnet for Silicon Valley investors. The venture has attracted about USD 16 billion over multiple investments over the past three months. The company, digital wing of Mukesh Ambani’s Reliance, is on its way to becoming a much bigger name in the digital scenario in India. After an ever-rising trade war between the USA and China has practically eliminated Google’s chances of investing in China, India is the immediate next big digital market target for companies. Also Read - Jio Platforms stake sale: Intel becomes 11th investor with Rs 1,894.50 crore investment

Google’s interest in Jio Platforms

A likely reason Google is eyeing Jio Platforms could be the immense cloud computing possibilities of the Indian venture. Telecom giants are turning to cloud computing for their next wave of expansion. As a provider, Google has lagged behind competitors in this growing sector, Sharma said. “Google has been more reactive than proactive,” said Chetan Sharma, a tech industry consultant.

The last investment in Jio’s bag was US-based Qualcomm. Jio Platforms has sold 25 percent of the stakes so far, taking the value of the venture to USD 65 billion. Facebook remains the largest investor in Jio Platforms so far with USD 5.7 billion. For Google, the USD 4 billion investment is pretty big, in fact, the largest that the company has made on a non-US-based venture so far.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel.
  • Published Date: July 15, 2020 9:57 AM IST
  • Updated Date: July 15, 2020 9:58 AM IST



new arrivals in india

OnePlus 8T
OnePlus 8T

42,999

Samsung Galaxy F41
Samsung Galaxy F41

15,499

Apple iPhone 12 Pro Max
Apple iPhone 12 Pro Max

1,29,900

Apple iPhone 12 Pro
Apple iPhone 12 Pro

1,19,900

Apple iPhone 12 Mini
Apple iPhone 12 Mini

69,900

Apple iPhone 12
Apple iPhone 12

79,900

Poco X3
Poco X3

16,999

Realme Narzo 20A
Realme Narzo 20A

8,499

Realme Narzo 20
Realme Narzo 20

10,499

Realme Narzo 20 Pro
Realme Narzo 20 Pro

14,999

Oppo F17
Oppo F17

17,990

Samsung Galaxy M51
Samsung Galaxy M51

24,999

Poco M2
Poco M2

10,999

Oppo F17 Pro
Oppo F17 Pro

22,990

Realme 7 Pro
Realme 7 Pro

19,999

Realme 7
Realme 7

14,999

Xiaomi Redmi 9A
Xiaomi Redmi 9A

6,799

Vivo Y20
Vivo Y20

12,990

Xiaomi Redmi 9
Xiaomi Redmi 9

8,999

Nokia 5.3
Nokia 5.3

13,999

Motorola Moto G9
Motorola Moto G9

11,499

Realme C15
Realme C15

9,999

Realme C12
Realme C12

8,999

Samsung Galaxy Note 20
Samsung Galaxy Note 20

77,999

Xiaomi Redmi 9 Prime
Xiaomi Redmi 9 Prime

9,999

Oppo Reno4 Pro
Oppo Reno4 Pro

34,990

Samsung Galaxy M01 Core
Samsung Galaxy M01 Core

5,499

Realme 6i
Realme 6i

12,999

Asus Rog Phone 3
Asus Rog Phone 3

49,999

OnePlus Nord
OnePlus Nord

24,999

Infinix Smart 4 Plus
Infinix Smart 4 Plus

7,999

Xiaomi Redmi Note 9
Xiaomi Redmi Note 9

11,999

Samsung Galaxy M01s
Samsung Galaxy M01s

9,999

Vivo X50 Pro 5G
Vivo X50 Pro 5G

49,990

Vivo X50 5G
Vivo X50 5G

34,990

Realme C11
Realme C11

7,499

Poco M2 Pro
Poco M2 Pro

13,999

Realme X3
Realme X3

24,999

Realme X3 SuperZoom
Realme X3 SuperZoom

27,999

Tecno Spark Power 2
Tecno Spark Power 2

9,999

Oppo A12
Oppo A12

9,990

Oppo A52
Oppo A52

16,990

Samsung Galaxy A21s
Samsung Galaxy A21s

15,999

Oppo Find X2
Oppo Find X2

64,990

Motorola One Fusion Plus
Motorola One Fusion Plus

17,499

Samsung Galaxy A31
Samsung Galaxy A31

20,999

Samsung Galaxy M01
Samsung Galaxy M01

8,999

Samsung Galaxy M11
Samsung Galaxy M11

10,999

Infinix Hot 9 Pro
Infinix Hot 9 Pro

9,999

LG Velvet
LG Velvet

Price Not Available

Xiaomi Mi Note 10 Lite
Xiaomi Mi Note 10 Lite

Price Not Available

Apple iPhone SE 2020
Apple iPhone SE 2020

42,500

Honor 30 Pro
Honor 30 Pro

Price Not Available

Honor 30
Honor 30

Price Not Available

OnePlus 8
OnePlus 8

44,999

OnePlus 8 Pro
OnePlus 8 Pro

54,999

Xiaomi Redmi Note 9 Pro
Xiaomi Redmi Note 9 Pro

13,999

Motorola Moto E4
Motorola Moto E4

8,999

Samsung Galaxy On Max
Samsung Galaxy On Max

9,775

nubia N2
nubia N2

15,999

Karbonn K9 Kavach 4G
Karbonn K9 Kavach 4G

5,290

Motorola Moto C Plus
Motorola Moto C Plus

6,999

Best Sellers