Amazon in talks to buy Indian Video Giant MX Player

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One of the sources who asked to remain anonymous said that the American e-commerce giant had hired one of the Big Four accounting firms to conduct exclusive due diligence on MX Player. The process should take between 30 and 40 days.

Reports say that US e-commerce giant Amazon Inc. is in advanced talks to buy the Times Internet video streaming service MX Player. One of the anonymous sources cited in the reports said that Amazon had hired one of the Big Four accounting firms to perform exclusive due diligence on MX Player. The process will most likely take 30-40 days.

The deal is not closed yet. However, reports say that if all goes well, it could be done in two months. Amazon is not the only company that wants to buy the company. Zee Entertainment and Sony are also in line to do so.

In 2018, Times Internet paid $140 million for MX Player. About 300 million people around the world use MX Player. MX Player has taken over the Indian market by providing free access to live cable TV channels and a wide range of videos. Most of the money that MX Player earns comes from ads. MX Player says that more than 150 million people in India use it.

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Categories: Technology
Source: vtt.edu.vn

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