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4 days ago · Summary. Last time, Times Internet had asked for over $100 million for MX Player, while Amazon’s internal team valued it at around ₹ 500 crore. Mumbai: Almost a year after calling off the deal ...
3 days ago · In January 2018, Times Internet acquired MX Player for a sum of USD 140 million. "The two parties are close to a deal now. MX Player's value has decreased due to its poor financial condition.
4 days ago · MX Player was built by a South Korean app developer as a media player for downloaded videos. In 2018, Bennett Coleman & Co Ltd (BCCL)-owned Times Internet acquired the streaming platform reportedly for ₹1,000 crore (around $140 million at that time), to mark its entry into video streaming, after a couple of failed attempts, including BoxTV.
4 days ago · The Times Internet-owned video streaming company MX Player is reportedly on the verge of being acquired by the US-based e-commerce giant Amazon, a development that might significantly impact the Indian over-the-top (OTT) sector. Months of speculations and delays culminated in an all-cash acquisition, estimated to be worth just over $100 million.
4 days ago · While Times Internet was reportedly seeking $100 million, Amazon had valued the acquisition at $60 million. The deal is expected to strengthen Amazon Mini TV’s operations in India. MX Player’s senior management will reportedly join Amazon after the conclusion of the acquisition.
4 days ago · India's first portal site, a venture of Times Internet, www.indiatimes.com, includes over 55 websites and almost one billion page views a month. www.timesofindia.com is the fifth most visited ...
4 days ago · Almost a year after calling off the deal, Amazon.com, Inc. has resumed talks to acquire Times Internet Limited-owned cash-strapped video streaming platform MX Player, two people with direct knowledge...
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