427: Reliance Jio-Facebook Deal: What is Their Plan for India?

Mark Zuckerberg-led Facebook has acquired a 9.99 percent stake in Mukesh Ambani's Reliance Jio in a whopping $5.7 billion deal. This is the world’s largest-ever tech tie-up involving India’s richest man Mukesh Ambani and the world's largest social media company. And with this deal, Facebook is now the largest minority shareholder in Reliance Jio. But this deal may not be so much about Facebook as it is about WhatsApp. What does Facebook have to gain from it? What does Reliance Jio have to gain from it? And most importantly, what does it mean for Indians? Tune in to The Big Story! Producer and Host: Shorbori Purkayastha Guest: Aunindyo Chakravarty, Former Managing Editor of NDTV Reporter: Sushovan Sircar Editor: Shelly Walia Music: Big Bang Fuzz References: Facebook's $5.7bn bet on India's richest man Mukesh Ambani (https://www.bbc.com/news/business-52377521) Boost for small sellers, beyond chats on WhatsApp: What Facebook-Jio deal could mean for India (https://indianexpress.com/article/explained/boost-for-small-sellers-beyond-chats-on-whatsapp-what-facebook-jio-deal-could-mean-for-india-6373877/) Together, Reliance Jio and Facebook are sitting on a goldmine of data (https://qz.com/india/1842767/reliance-jio-and-facebook-are-sitting-on-a-goldmine-of-data/) Listen to The Big Story podcast on: Apple: https://apple.co/2AYdLIl (https://www.youtube.com/redirect?q=https%3A%2F%2Fapple.co%2F2AYdLIl&redir_token=G9sQMbbppKv-LEFD29gDyTmPMzt8MTU3MTM4MDU5NkAxNTcxMjk0MTk2&v=xkpX1V6aUFo&event=video_description) Saavn: http://bit.ly/2oix78C (https://www.youtube.com/redirect?q=http%3A%2F%2Fbit.ly%2F2oix78C&redir_token=G9sQMbbppKv-LEFD29gDyTmPMzt8MTU3MTM4MDU5NkAxNTcxMjk0MTk2&v=xkpX1V6aUFo&event=video_description) Google Podcasts: http://bit.ly/2ntMV7S (https://www.youtube.com/redirect?q=http%3A%2F%2Fbit.ly%2F2ntMV7S&redir_token=G9sQMbbppKv-LEFD29gDyTmPMzt8MTU3MTM4MDU5NkAxNTcxMjk0MTk2&v=xkpX1V6aUFo&event=video_description) Spotify: https://spoti.fi/2IyLAUQ (https://www.youtube.com/redirect?q=https%3A%2F%2Fspoti.fi%2F2IyLAUQ&redir_to