Thursday, May 28, 2020
Global technology giant Google is in talks to buy a 5 percent stake in Vodafone Idea Ltd, a company owned by Vodafone PLC of UK and Aditya Birla group.
It is reported that Google parent firm, Alphabet had also held talks about acquiring a stake in Reliance Jio – owned by Reliance Industries but has lagged behind other investors like Facebook in securing a deal. By buying a stake in Vodafone Idea, Google would pit against Facebook and an increasingly dominant Jio, but the company could also make multiple investments in India.
