The case highlights the decision taken by Facebook in April 2020 to pick up a 9.99% stake in Reliance Jio Platforms, a subsidiary of Reliance Industries Limited—an Indian conglomerate having businesses ranging from oil to retail. While Facebook is an American social media and technology company, Jio Platforms handles the mobility and digital businesses of Reliance. The case discusses the global and the Indian business scenario. With COVID-19 in the backdrop, that had severely dented the global economy, the decision took everyone by surprise. The case discusses what lay in store for the different stakeholders, Reliance, Facebook, the competitors and the regulators as a result of the deal. Both Zuckerberg and Ambani had ambitious plans. Would they be able to create individual and joint values so as to meet their ambitious plans? Would they be able to break new ground and extend the collaboration to explore more business opportunities?
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