Amazon in advanced discussions to acquire MX Player
Amazon is in talks to acquire MX Player, the video streaming platform owned by Times Internet. The US online retailer has hired one of the Big Four accounting firms to carry out due diligence. The process is expected to take 30-40 days and a deal could happen within two months if all goes well. As per the reports, Times Internet was asking for over $100 million for MX Player, while Amazon’s internal team valued it at around Rs 500 crore ($60 million). The deal is likely to be in the range of Rs 600-900 crore....