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Amazon in Talks to Acquire MX Player from Times Internet

Amazon in Talks to Acquire MX Player from Times Internet

Amazon is in talks to acquire MX Player from Times Internet after a previous deal fell through due to a valuation mismatch. MX Player, with over ₹2,500 crore in debt, will settle its debts independently. Amazon aims to boost its AVoD business with MX Player's addition. MX Player, acquired by Times Internet in 2018 for ₹1,000 crore, struggled to generate sufficient revenue despite its large user base.







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