India’s antitrust watchdog is reviewing Facebook’s purchase of a 10 percent stake in Reliance Industries Ltd’s digital assets, a deal that would give the US giant another foothold in one of the world’s fastest growing Internet markets.
The Competition Commission of India looks to prevent misuse of data in all the deals it assesses, Chairman Ashok Kumar Gupta said in an email interview, declining to comment further on the Facebook-Jio transation panding examination. The regulator is also considering whether new parameters should be included in its assessment criteria; currently some mergers and acquisitions escape the threshold for scrutiny even if potential harm is evident, Gupta said.
