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Wednesday, December 25, 2024 | 11:39 PM ISTEN Hindi

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Facebook, RIL to offer smart videoconferencing, mixed reality solutions

On Wednesday, Facebook announced a deal in which it took 9.9 per cent stake in Jio Platforms, a fully-owned subsidiary of Reliance Industries, for Rs 43,574 crore.

Reliance Jio
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The Mukesh Ambani group has also taken a decision to go for an IPO in Jio Platforms, instead of Reliance Jio, as was planned earlier, which would offer an exit route to Facebook if they so require.

Surajeet Das Gupta New Delhi
Jio Platforms and Facebook have identified four areas of collaboration which, apart from e-commerce, will include smart videoconferencing solutions, mixed reality (an advanced form of augmented reality), and the media, say sources close to the discussions.
 
On Wednesday, Facebook announced a deal in which it took 9.9 per cent stake in Jio Platforms, a fully-owned subsidiary of Reliance Industries, for Rs 43,574 crore.

The Mukesh Ambani group has also taken a decision to go for an IPO in Jio Platforms, instead of Reliance Jio, as was planned earlier, which would offer an exit route to Facebook if they so

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