Mumbai/Hong Kong/Bangalore — Google is in advanced talks to buy a $4bn stake in Indian billionaire Mukesh Ambani’s technology venture, people familiar with the matter said, seeking to join rival Facebook in the chase for growth in a promising internet market.

The California-based titan has been discussing the investment in Reliance Industries’ digital arm, Jio Platforms, the people said, asking not to be identified because the information is private. An announcement could come as soon as the next few weeks, according to the people...

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