India’s Times Internet buys majority stake in MX Player for 10 billion rupees

Vastavam web: India’s Times Internet Ltd said on Thursday it bought a majority stake in MX Player for over 10 billion rupees ($145.77 million), as it ventures into the video streaming space. The digital arm of media conglomerate Times Group said MX Player, a video player developed by IT firm J2 Interactive, will be launched with more than 20 original shows in its first year.