New Delhi: Amazon.com may soon acquire a stake worth $ 2 billion in Bharti Airtel as the former is in early-stage talks with the telecom company, a report by Reuters said. Also Read - Amazon Driver Quits His Job Midway via Twitter, Leaves Package-Filled Van With Keys in the Ignition!
The report further stated that the talks between both the companies are at an early stage and the deal terms may change. It is also likely that an agreement may not be reached altogther. Also Read - 'Jeff Bezos is Copycat': Tesla CEO Elon Musk Accuses Amazon Founder in Zoox Acquisition
“The planned investment, if completed, would mean Amazon acquiring a roughly 5 per cent stake based on the current market value of Bharti, which is India’s third-largest telecoms company with more than 30 crore subscribers,” Reuters reported. Also Read - Prasoon Joshi Slams Swara Bhasker's Adult Comedy Rasbhari, Says 'Spare Children in Desperate Need for Entertainment'
Earlier, US private equity giant KKR & Co. Inc. had bought a 2.32 per cent stake in the digital unit of Reliance Industries for Rs 11,367 crore.