Amazon Acquires Key Assets of MX Player for Under $100 Million

Jun 6, 2024, 09:22 AM

Amazon has acquired key assets of the Indian video streaming service MX Player from Times Internet. The deal, reported by TechCrunch on June 6, 2024, values MX Player at under $100 million, significantly lower than its previous valuation of $500 million in 2019. An Amazon spokesperson expressed excitement about the acquisition, although specific details about the assets acquired were not disclosed. Amazon's stock ticker is $AMZN.