Liquidity Events
Amazon to buy MX Player for over $100-M: reports
US-based e-commerce company Amazon is to acquire Times Internet-owned video streaming platform MX Player in an all-cash deal for a little over USD 100 million.Cash strapped MX Player has been in the market for nearly a year for an acquisition. Founded in 2011 as a video player by a South Korean firm, MX Player was acquired by Times Internet in 2018 for about USD 140 million. It was eventually remodelled to an ad-supported video streaming platform.In 2019, MX Player had raised USD 110 million funding from China’s Tencent at an around USD 500 million valuation.
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