Amazon is engaging with Times Internet to explore the acquisition of MX Player, one of the largest on-demand video streaming services in India, according to four sources familiar with the matter, as the American e-commerce group eyes expanding its entertainment ambitions in the key overseas market.
The deliberations are ongoing and may not materialize into a deal, three sources cautioned. The terms of the deal are yet to be finalized. Times Internet and Amazon did not immediately respond to a request for comment. Sources requested anonymity discussing private matters.
At least two more players — including Zee-Sony — have expressed interest in acquiring the Times Internet-owned app, two sources said.
