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video streaming service marketTechCrunch
•68% Informative
Amazon has agreed to acquire Indian video streaming service MX Player from Times Internet.
The two firms reached a definitive agreement for the deal on Wednesday evening , a source told TechCrunch .
The deal values MX Player at less than $100 million , far short of the $500 million valuation at which the streamer raised its last capital.
Times Internet acquired MX Player in 2018 for $140 million .
Amazon has been broadening its video streaming offerings in India to make noise outside of metro cities.
VR Score
74
Informative language
79
Neutral language
32
Article tone
formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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