Tag: invest

Google becomes latest US tech giant to invest in India’s Jio

Image copyright Getty Images Google has become the latest US technology giant to invest in Indian conglomerate Reliance Industries’ digital business. The Alphabet-owned search engine has agreed to pay $4.5bn (£3.6bn) for a 7.7% stake in Jio Platforms. Reliance’s billionaire owner Mukesh Ambani says the two companies will develop phones for 4G and 5G networks. Google joins a list of… Read more →

UK U-turn allows Amazon to invest in Deliveroo

Image copyright Getty Images The UK’s competition watchdog has said it no longer has concerns about Amazon’s plan to invest in food delivery service Deliveroo. Internet giant Amazon announced plans to buy 16% of Deliveroo in May 2019. The Competition and Markets Authority (CMA) then began probing the deal and threatened an in-depth investigation in December. However, in April the… Read more →