Times Internet is reportedly purchasing MX Player for $200 Million.
Most of us who use Android Phone as their daily drivers, are probably familiar with MX Player. It’s one of the highest rated video playback apps on the Play Store, with a tremendous 100 million to 500 million downloads. According to a report published by The Ken the app has just been acquired for $200 million by the Times Internet, a large Indian media company.
MX Player was developed by J2 interactive, which probably doesn’t have much presense online. Neither MX Player not the official MX Player forum at XDA has been updated to reflect any of this information. According to The Ken, the $200 million purchase is meant to augment the Indian media giant’s push into streaming video. This represents the company’s second effort in that market after its previous BoxTV service.
MX Player is incredibly widespread. The Pro version is the #2 top paid app in the Video Players & Editors category on Google Play, and it’s #18 in the same free category. If the news is to be believed, we’ll just have to wait and see what Times Internet’s plans for the app might be or if the original developers will be involved after the sale, as there aren’t any details about the acquisition released just yet.
Please note that J2 Interactive hasn’t officially confirmed this news. We’ll Update the article as soon as we get the confirmation.