Tencent and Paytm are considering a $100m investment in MX Player, a video streaming service majority owned by Times Internet.
India-based online streaming platform MX Player is in discussions with internet group Tencent and payment processing firm Paytm regarding a $100m investment, Bloomberg reported yesterday, citing people familiar with the matter.
Tencent, Paytm and MX Player have all declined to comment on the report. Sources privy to the discussions told Press Trust of India the companies may end up investing up to $125m.
MX operates an over-the-top streaming service featuring original and licensed movies, television shows, web series, music videos…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
