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(Reuters) – Facebook Inc (FB.O) is in talks to buy a multi billion dollar stake in Reliance Industries Ltd’s (RELI.NS) telecom unit, the Financial Times reported on Tuesday, citing two people with knowledge of the matter.
The report on.ft.com/2wyFwc1 said the social media giant was in talks for a 10% stake in Jio, controlled by India’s wealthiest man Mukesh Ambani, but the talks were halted due to global travel bans amid the coronavirus outbreak.
Facebook declined to comment.
Source:www.reuters.com
