The two firms reached a definitive agreement for the deal on Wednesday evening, a source familiar with the matter told TechCrunch. The deal values MX Player at less than $100 million, far short of the $500 million valuation at which the streamer raised its last capital, the source said, on condition of anonymity because the companies are yet to publicly comment on the deal.
Amazon has agreed to acquire the Indian video streaming service MX Player from the local media powerhouse Times Internet.
techcrunch.com
