Microsoft could become the latest global entity to seek a share of the Jio
Platforms pie as the tech major is reportedly negotiating an investment worth $2
billion. Facebook and institutional investors have already pumped in over $10.3
billion dollars into the Mukesh Ambani-owned digital services company.

A report in The Mint quotes sources close to the discussions to suggest that
Microsoft, which had been discussing possible investments with several players
in the digital services business, could acquire a 2.5% stake. Jio Platforms is a
unit of India?s most valuable company Reliance Industries.

Facebook was among the first of the tech giants to commit itself to Ambani?s
dream of creating a monolith in the digital marketplace, including taking on
Amazon and the Walmart-owned Flipkart on the eCommerce front with their Jio
Mart, an online venture that went live just a week ago.

If the discussions between Microsoft and Jio Platforms fructifies, it would mean
that the world?s most valuable company would own a small slice of India?s most
valuable company, which is currently valued at a whopping Rs.5 trillion, which
roughly translates to a whopping $66 billion.

While Facebook pumped in $5.7 billion for a 9.9% stake, the other marquee
investors added more than $4.33 billion. This includes $1.5 billion each from
KKR & Co and Vista Equity Partners, $0.87 billion from General Atlantic and
$0.75 billion from Silver Lake.

However, the report suggests that there is no guarantee that the investment from
Microsoft would go through though earlier this year Microsoft hadpartnered
[] with Reliance Jio to set up data centres across the country. They had also done
a deal whereby Jio would use Microsoft Azure?s cloud service for enterprise

The Jio Platforms combine all of Reliance?s digital and telecom initiatives that
includes Jio Digital services offering mobile and broadband, apps, tech
capabilities, big data etc. besides their investments in Hathway Cable, Datacom
Ltd. and Den Networks.

Meanwhile, reports emerged that Reliance Industries was preparing for an
overseas listing of the digital business. Such an offering could take place
within the next 12 to 24 months though the venue wasn?t yet confirmed. A report
published onET
[] claimed that ?the timeline and the size of the public offering too were under

Read Next ? KKR to invest $1.5B in India?s Jio Platforms

Read Next ? Reliance Jio?s COVID-19 Symptom Checker Exposes Private User Data