Facebook’s Zuckerberg Makes Friends With India’s Richest Man In $5.7 Billion Deal [Forbes]
Meta Platforms, Inc. - Class A (FB)
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Source: Forbes
Mukesh Ambani, chairman of Reliance Industries, poses for photographs at the company's annual... [+]general meeting in Mumbai, India.Prashanth Vishwanathan/Bloomberg NewsAfter weeks of speculation, the much-awaited deal between Facebook founderMark ZuckerbergThe deal, which gives Jio Platforms an enterprise value of around $66 billion, will help its parent Reliance Industries cut its hefty debt load, which stood at around $43 billion at the end of December. The company has said it plans to have zero net debt by March 2021.“We're making a financial investment, and more than that, we're committing to work together on some major projects that will open up commerce opportunities for people across India,” Facebook’s CEO Mark Zuckerbergsaid in a statementon his Facebook page. Zuckerberg’s net worth is currently estimated at $63.3 billion.Today In:AsiaChinese Online Billionaire Hits Back At Short Sellers’ Allegations Of Inflating SalesAmbani, chairman of Reliance Industries with a current n
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