your password has been reset successfully, Please login again.

Flipkart plans to acquire stake in Hotstar

Walmart-owned Flipkart is in talks to acquire a stake in Hotstar, Star India’s video streaming service.
BY BEx Bureau
BusinessEx
Sep 18, 2018

Walmart-owned Flipkart is in talks to acquire a stake in Hotstar, Star India's video streaming service.

Flipkarts talks with Hotstar come at a time when demand for video streaming services such as Netflix and Amazon Prime Video is high in India.

Launched in the country in 2015, Hotstar is owned by Twenty-First Century Fox's Star India unit. It is providing premium content like HBO's "Game of Thrones" and live-streaming of popular Indian Premier League cricket for an annual subscription of Rs 999.

Flipkart had earlier worked with Hotstar when it launched a new video advertisement platform in July. Hotstar is also one of the many Internet partners for Flipkart Plus, the company's customer loyalty programme.

About 77% of Flipkart was acquired by Walmart for nearly $16 billion. It was the largest-ever deal made by the US retail giant.

Please add your Comment
SIMILAR News
November 20, 2018
Through this investment, BillDesk will develop new product lines for its payments and loyalty busine ...More
By Vaishnavi Gupta
November 19, 2018
Ananth Narayanan, Chief Executive Officer of Myntra, will continue to lead the team. ...More
By Vaishnavi Gupta
November 16, 2018
This acquisition will help FarEye to reinforced its growth plans to solve challenges for long-haul a ...More
By Vaishnavi Gupta
November 14, 2018
True North has acquired a 75% stake in Shree Digvijay Cement Company Ltd from Brazil-based Votoranti ...More
By Vaishnavi Gupta
November 13, 2018
The investment is made by the firm to boost its capabilities to deliver tech solutions that will hel ...More
By Vaishnavi Gupta
November 12, 2018
With this acquisition, Mphasis will increase its end-to-end capabilities in the public cloud domain, ...More
By Vaishnavi Gupta
November 12, 2018
This acquisition will help Mumbai-listed AGC to add over $600 million in annual revenue and about 3, ...More
By Vaishnavi Gupta
November 09, 2018
The acquisition is in line with the company's strategy to boost the value for its stakeholders throu ...More
By Vaishnavi Gupta
November 03, 2018
Viithiisys, with this acquisition, will expand its product portfolio and list of clients. ...More
By Vaishnavi Gupta
November 02, 2018
Post acquisition, W12 Studios will be a part of TCS Interactive, the digital division of the IT serv ...More
By Vaishnavi Gupta
November 01, 2018
The fresh funds will be used by Turms to expand its product categories, hire tech talent and launch ...More
By Vaishnavi Gupta
October 31, 2018
The funds raised will be used by Duroflex to expand to new markets across India. ...More
By Vaishnavi Gupta