Google in talks to buy 5% stake in Vodafone Idea: Reports

Google is exploring an investment in Vodafone Idea as part of a drive into India by the US internet giant: reports.

It added that Google is considering purchasing a 5 percent stake in Vodafone Idea though the project is “still early.”

Facebook recently revealed a $5.7 billion investment for a 9.99 percent stake in Jio Platforms.

Google was in talks with Reliance Jio but negotiations lagged behind that of Facebook.

Talks for deal with Vodafone are in very early stages.

The Sundar Pichai-helmed Google is looking to pick up a 5 percent stake in Vodafone India, a subsidiary of UK-based Vodafone Plc and India’s Aditya Birla group.

Hetal Patel

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