Facebook-RIL deal: CCI raises concerns over data-sharing pact; FB assures it's 'limited'
CCI had expressed concerns over Jio Platforms subsidiary Jio Infocomm's cloud and Facebook's dominance in online ad space. It said data processed by both companies was complementary to each other
- Oct 7, 2020,
- Updated Oct 7, 2020 10:25 AM IST
The Competition Commission of India (CCI) had raised several questions over the Jio Platforms-Facebook deal, saying the user data processed by companies was complementary to each other and could result in 'anti-competitive' conduct.
Mark Zuckerberg-led Facebook, however, assured the deal with Mukesh Ambani's Reliance Industries Jio Platforms was restricted to sharing of "limited exchange" of data. It said that as per the initial agreement, neither Jio Platforms nor Facebook India will acquire each other's data and that it's restricted to only facilitation of "e-commerce transactions" on JioMart, a subsidiary of Jio Platforms Ltd.
The CCI had given its nod to the acquisition of 9.99 per cent stake in JPL by Facebook-owned Indian entity Jaadhu Holdings for Rs 43,574 crore in June. However, before approving the deal, the commission raised doubts over the data sharing prospects between RIL and Facebook.
The Competition Commission of India (CCI) had raised several questions over the Jio Platforms-Facebook deal, saying the user data processed by companies was complementary to each other and could result in 'anti-competitive' conduct.
Mark Zuckerberg-led Facebook, however, assured the deal with Mukesh Ambani's Reliance Industries Jio Platforms was restricted to sharing of "limited exchange" of data. It said that as per the initial agreement, neither Jio Platforms nor Facebook India will acquire each other's data and that it's restricted to only facilitation of "e-commerce transactions" on JioMart, a subsidiary of Jio Platforms Ltd.
The CCI had given its nod to the acquisition of 9.99 per cent stake in JPL by Facebook-owned Indian entity Jaadhu Holdings for Rs 43,574 crore in June. However, before approving the deal, the commission raised doubts over the data sharing prospects between RIL and Facebook.