The regional streaming service has been bought by Tencent for a reported eight-digit sum, enabling Hearst, JTBC, Liberty Global, MNC, PLDT, Sky, Yoshimoto Kogyo and Zain to exit.
Internet group Tencent has acquired iFlix, a Malaysia-based entertainment service provider backed by corporates including Hearst, JTBC, Liberty Global, MNC, PLDT, Sky, Yoshimoto Kogyo and Zain, Variety reported on Wednesday.
Sources privy to the deal said Tencent is paying “several tens of millions of dollars” to complete the purchase of iFlix through a special-purpose entity.
Founded in 2014 by internet company Catcha Group, iFlix runs an online streaming platform that targets audiences in South and Southeast Asia, providing localised content…
