New Delhi: Reliance Industries are in talks to buy shares in cellular content providers at a glance inmobi, according to people who are familiar with this problem.
The conglomerate is considering investing around $ 300 million in Unicorn supported by Google, said people, asking not to be identified as the information is personal.
Transactions can be completed immediately after in the next few weeks, one of the people’s words.
Inmobi glance encourage news and entertainment content curated to the telephone lock screen and also run the video short application.
Reliance investment can involve strategic cooperation along with financial elements, said different people.
Such deals will provide access to dependence on valuable Lockscreen real estate on affordable phones that are developed together with Google and are scheduled to reach the market on time to be diwali at the end of October.
It will also provide strategic dependency entries to short video content, categories where users skyrocket.
Ingoing consideration and dependence can decide not to continue investment, said people.
Representatives at a glance did not immediately respond immediately to comments that were looking for e-mail, while Reliance representatives refused to comment.
Google agreed last year to invest $ 4.5 billion in partnership with reliance, which included plans for low-cost smartphones as part of the chairman of the Reliance attempts Mukesh Ambani to build local Titan technology.
The telephone was set to debut earlier this month, but the launch was postponed due to a shortage of global chips.
Reliance Eyes Inmobi Inmobies: Reports
