What was the challenge?
In 2020, Facebook was looking to acquire a 9.99% stake in Jio Platforms - an Indian multinational technology company. In addition to this investment, the acquisition involved a strategic tie-up whereby JioMart would use WhatsApp as one of the communication channels for its retail business. As part of the transaction process, The Competition Commission of India was required to investigate and clear the companies of many theories of harm. To support their understanding of the economic aspects of competition clearance, Facebook retained Frontier Economics (Asia-Pacific) and Frontier Economics (Europe) to support them through this process.