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New Deal


Announced

Tencent led a $110m financing round in MX Player.

Financials

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Transaction Value£85m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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online video platform

video player

Friendly

Private

Venture Capital

India

Minority

Acquisition

Single Bidder

streaming service

Digital Services

Pending

Synopsis

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Tencent led a $110m financing round in MX Player, a video app that offers both local playback and streaming services. Times Internet, which acquired a majority stake in MX Player in late 2017 for $140m, also participated in the Series A financing round. MX Player will use the fresh capital to double down on producing original TV shows and broadening its catalog of licensed content. The firm, which has so far added 15 original shows to its platform, has already commissioned production of another 20 by year-end.

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