Amazon is talks with Times Internet, which bills itself as India’s largest digital products company, on the possibility of buying MX Player, one of the country’s largest on-demand video streaming services, according to a report by TechCrunch, which cited four sources and said the American e-commerce group wants to expand its entertainment services in a key overseas market.
Times India bought MX Player in 2018 for $140 million and the site – “popular for supporting a wide range of video formats and reliability on low-cost Android smartphones” – has grown with original content in recent years and now has over 300 million users around the world, it said, but the sources warned that talks are ongoing and may not end in a deal.
Read the full report: TechCrunch.
A US District Judge said the former billionaire wunderkid was responsible for one of the…
Banks have been reluctant to deepen their exposure to the ailing real estate sector but…
US intelligence officials say Chinese pharma companies are risking national security at a time when…
BYD has set back plans for an EV factory in Vietnam, while CATL has said…
US Treasury Secretary Janet Yellen has accused China of ‘distorting prices’ with its increased green…
Japan’s plunging currency and the threat of BoJ intervention sent Tokyo’s soaraway benchmark downwards