Amazon might buy Indian video streaming giant MX Player, says report

guest · Feb 10, 2023

By Aditya Tiwari @TheLazyAvenger - February 10, 2023

One of India's biggest streaming service MX Player might become an Amazon subsidiary. TechCrunch reports, citing sources, that the e-commerce giant is in talks with Times Internet, which currently owns a majority stake in MX Player, in an attempt to explore the possibilities of a takeover.
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However, the report adds that the chances of the purported acquisition actually happening any time soon are thin. But if it goes through, it will help Amazon tighten its grip in the video streaming space. The company also has a huge market presence with Prime Video and mini TV.
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Investing its resources in local-language content has allowed MX Player to reach a user base of around 300 million globally. The sources also said that two other buyers have shown interest in taking home MX Player. Let's see where the streaming app lands in the future.

Source: TechCrunch
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Amazon might buy Indian video streaming giant MX Player, says report

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