MUMBAI: Times Internet Limited is making its second concerted over-the-top video push with the acquisition of popular South Korean Android video player MX Player for a reported $200 million.
According to a report from The Ken, TIL is very committed to the application and has plans to expand it once the purchase has been approved. The company, which has a huge presence on the web and mobile app stores in India, reportedly plans to transform MX Player into a video streaming platform rather than keep with the app’s current standalone video player functionality.