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Facebook floats 'Jaadhu Holdings' to do business with Jio

29 days ago   |   By TechRadar

Jaadhu , in Hindi, means magic. Well, that is what Facebook probably hopes to create with its $5.7 billion investment in Reliance Jio Platforms for a 9.99% stake. Jaadhu Holdings, as it happens, is the name of the new company that Facebook has incorporated for its deal with Jio Platforms. Jaadhu Holdings is the one that will acquire a minority, non-controlling share in Jio Platforms. Quite tellingly, a very Indian name for the new entity reveals the nature of the deal and which side it is tilted towards now. The name of the new company, incorporated in Delaware, USA, emerged in a...
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