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Tata Group’s acquisition of a stake in rival Vivo’s India business was allegedly stopped by Apple, due to Tata owning a factory with Apple’s supply chain.
Mumbai, India
Mumbai, India
Tata Group, an Indian conglomerate, has reportedly put the brakes on talks to acquire Chinese smartphone producer Vivo’s business in India. Vivo wanted to sell a 51% stake in the subsidiary to the Tata Group, but that now seems to be in trouble.
The sale was an attempt by Vivo to make its business more Indian in operation, under pressure from the Indian government. However, it appears that Apple stepped in and killed the plan.
Apple may have shut down a supplier’s proposed partnership with Vivo
Apple may have shut down a supplier’s proposed partnership with Vivo
