MX Player Ranks Among The Top 10 Apps On Google Play Store In India
Times Internet has acquired a majority stake in Gangnam (Seoul) based MX Player for about $200 Mn, as per The Ken (Paywall). As per the report, the deal was in all cash and was reportedly closed a few weeks ago. The investment is expected to help Times Internet to launch its over-the-top (OTT) video service.
As per the mobile insights and data company AppAnnie, MX Player has been downloaded by 63.6 Mn Indian users on their Android smartphones so far. This includes 80% low end smartphones and 20% high smartphones. As per The Ken report, Times Internet is currently testing its over-the-top app on another version of MX Player, called “MX Player Online 2018 (beta).