When Mark sends Mukesh a Friend Request worth $5.7 bn!

  • Tejesh Kumar
  • 24 Apr
  • 1 minute

When Mark sends Mukesh a Friend Request Li worth $5.7 bn!

Facebook picks 9.99% stake in Reliance Jio

Key Synergies

  •  Sigh of relief to RIL as Saudi Aramco infusion comes under question given the recent rout in oil prices; could support RIL’s aspirationsto be net debt free by 2021
  • At a broader level, there’s a lot that can be done with Facebook (Facebook, WhatsApp, Instagram) Group’s high Daily Average User brands & Reliance Jio’s Content-Communication-Carrier business. We’re thinking right from high Rol ads, to perhaps integrating social, financial & communication ecosystems into a seamless lifestyle ecosystem
  • Facebook’s Whatsapp (including WhatsApp Pay) & RIL’s JioMart share enough synergies to capitalise on and enhance the value expected to be derived from JioMart (think of it as Amazon/Flipkart having local grocers & Reliance Retail as sellers).

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Tejesh Kumar