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ARTICLE · 26 MAY 2020

Facebook-Jio Mega Deal: All Eyes On CCI

Following the announcement of Facebook's USD 5.7 Billion investment in Jio Platforms, the largest minority investment by a technology company worldwide...

IndiaAntitrust/Competition Law

Following the announcement of Facebook's USD 5.7 Billion investment in Jio Platforms, the largest minority investment by a technology company worldwide, Reliance Jio confirmed that it would approach the Competition Commission of India (CCI) for its approval. It is reassuring to know that the CCI will scrutinise such a mega deal between two data giants before it can be consummated, unlike Facebook's earlier acquisition of WhatsApp which escaped the CCI's scrutiny. However, the key question is whether the CCI is equipped to deal with big data issues and if it would, in fact, go beyond its comfort zone (traditional competition rules) to dig deep into the potential adverse effects of such a mega deal.

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