Facebook bets on India with $5.7 billion Reliance deal

NEW DELHI/BENGALURU (Reuters) - Facebook is set to spend $5.7 billion (4.61 billion pounds) to buy a 9.99% stake in Reliance Industries' digital arm, as it looks to roll out services for India's grocers and small businesses by capitalizing on WhatsApp's extensive reach in the country.The deal announced on Wednesday is Facebook's biggest since its $22 billion buyout of WhatsApp in 2014 and will give the Cupertino, California-based firm a stake in Jio Platforms - the digital services entity that..