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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

FACEBOOK

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Facebook eyes multi billion dollar stake in Reliance Jio

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03/24/2020 | 10:59am EDT
Commuters are reflected on an advertisement of Reliance Industries' Jio telecoms unit, at a bus stop in Mumbai

Facebook Inc is in talks to buy a multi billion dollar stake in Reliance Industries Ltd telecom unit, the Financial Times reported on Tuesday, citing two people with knowledge of the matter.

The report https://on.ft.com/2wyFwc1 said the social media giant was in talks for a 10% stake in Jio, controlled by India's wealthiest man Mukesh Ambani, but the talks were halted due to global travel bans amid the coronavirus outbreak.

Facebook declined to comment.

(Reporting by Amal S in Bengaluru)

Stocks mentioned in the article
ChangeLast1st jan.
EURO / US DOLLAR (EUR/USD) 0.19% 1.1117 Delayed Quote.-0.86%
FACEBOOK -0.16% 225.09 Delayed Quote.9.67%
RELIANCE INDUSTRIES LTD -0.53% 1464.4 End-of-day quote.-3.28%
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Financials (USD)
Sales 2020 77 041 M - -
Net income 2020 20 813 M - -
Net cash 2020 63 175 M - -
P/E ratio 2020 31,3x
Yield 2020 -
Capitalization 641 B 641 B -
EV / Sales 2019
EV / Sales 2020 7,50x
Nbr of Employees 48 268
Free-Float 83,8%
Chart FACEBOOK
Duration : Period :
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Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 50
Average target price 241,27 $
Last Close Price 225,09 $
Spread / Highest target 33,3%
Spread / Average Target 7,19%
Spread / Lowest Target -46,7%
EPS Revisions
Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
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NEW WORK SE-3.77%1 756