The deal is driven by the growth of big cloud-computing providers such as Amazon.com and Alphabet's Google which are spending heavily on new data centers to meet a surge in demand for computing power delivered via the Internet.
Paul Milgrom and Robert B. Wilson, have had their ideas applied to sales of everything from aircraft landing slots to fishing quotas. Their theories are even evolving to encompass renewable energy markets.
The company has been discussing the investment in Jio Platforms Ltd., the digital arm of Ambani’s Reliance Industries. The Indian tycoon wants to transform his energy conglomerate into a homegrown technology behemoth akin to China’s Alibaba Group.