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See why Facebook invest in India’s Telco Jio

Facebook (FB) is no stranger to large acquisitions. The social media giant bought Instagram for $1 billion in 2012, WhatsApp for $19 billion in 2014, and virtual reality firm Oculus VR the same year for another $2 billion.

In all three instances, the common denominators were obvious. The deals all gave FB majority ownership, and brought in technology that the world’s largest social network either didn’t have, or saw as prime bolt-on acquisitions.

Full article here: https://www.business-standard.com/article/companies/why-facebook-is-spending-billions-for-a-minority-stake-in-reliance-jio-120042201038_1.html

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