CCI approves Facebook’s $5.7 billion deal with Reliance Jio Platforms


Facebook's $5.7 billion investment in Jio Platforms has received a nod from antitrust watchdog, the Competition Commission of India (CCI).


In its submission to CCI, Facebook and the Reliance Industries unit had told the Commission that the proposed transaction does not alter the competitive landscape and that Facebook and Jio Platforms would continue to operate independently


Jio Platforms, Facebook-owned instant messaging service WhatsApp Inc and Reliance Retail Ltd have also entered into a separate commercial agreement.

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