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AZB acts for Tencent on $110m MX Player video streaming platform investment with Times Internet

Chinese technology giant Tencent is leading a $110-million (about Rs 780 crore) financing round in video-streaming platform MX Player, valuing it at around $500 million (around Rs 3,545 crore) post the investment, said sources close to the matter. This will be MX Player’s first external fund-raising after its acquisition by Times Internet (TIL), which has also participated in the current round.
The Economic Times

AZB & Partners advised Tencent Holdings Limited led by a team of partners Darshika Kothari and Divya Mundra, and senior associate Pankhuri Govil.

2019-10-30

Deal value: USD 110 Million / INR 7.8 Billion

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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