Jun 6, 09:22 AM

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

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.

#Amazon #Indian #MX Player #Times Internet #TechCrunch

Written with ChatGPT (GPT-4o).