Amazon renews acquisition talks with MX Player

New Delhi: After months of speculation, Amazon is in the final stages of acquiring MX Player, according to sources. 

The talks about Amazon acquiring MX Player surfaced last year in March. The deal was later called off by July due to the valuation mismatch. 

The acquisition discussion was renewed earlier in February this year, according to a news report.

The news reports further stated, after the acquisition, the MX Player team will join Amazon Mini.

Times Internet acquired MX Player in 2018 for $140 million. MX Player launched as a video player on July 18, 2011. Later in 2019, it pivoted to an OTT streaming platform, catering primarily to the Indian audience. 

MX Player was also one of the earliest video apps to expand into the short video format by launching MX Takatak, which eventually merged with ShareChat’s short video offering Moj in a deal worth $900 million.

DineOut was acquired by Swiggy in May 2022. Mensa acquired MensXP, iDiva, and Hypp from Times Internet in December 2022.