Times Internet confirms acquisition of MX Player for $146 million

After a lot of rumors, Times Internet has confirmed that it bought majority stakes in South Korea's MX Player. At $146 million, this acquisition falls in line with January rumor which stated deal will be in the range of $200 Mn. Times Internet is aiming to build a digital-first video streaming platform atop MX Player. Times Internet will leverage on MX Players 350 million install base in India, along with more than 175 million monthly active users (MAUs) and 65 Mn daily active users (DAUs)....
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