Microsoft Eyes Massive 2 Billion Investment In Jio Platforms Report

After picking up an investment from Facebook, Reliance Jio now seems to be on the radar of every investment firm. This subsidiary of Reliance Industries has sold a 17% stake, bagging investments from the likes of Silver Lake, KKR, and others. Now, the company’s long-standing partner Microsoft is also looking to pitch in more than $2 billion and grab a sizeable piece of the pie.

Reliance Jio, for those unaware, has expanded beyond the telecom business and now offers a slew of other services. This includes Jio Fiber, the recently launched JioMart, AJio online fashion store, Jio Cinema and TV, and well, LYF-branded smartphones as well.