Facebook in talks to acquire 10% stake in Jio in 'multi-billion dollars' deal: Report

Facebook is in talks to acquire a 10% stake in Reliance Jio but talks were halted due to coronavirus outbreak, Financial Times reported on Tuesday, adding that the deal size was in "multi-billion dollars". Analysts at Bernstein value Jio at more than $60 billion. India's richest person Mukesh Ambani has poured over $25 billion into Reliance Jio over the years.