On-demand video streaming platform MX Player might become an Amazon subsidiary; yet to be finalized

Ink

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Jan 8, 2011
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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.
 

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