ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
DealStreetAsia

Malaysia's iflix in sale talks after co-founders exit

Video streaming platform adds distress specialists to board

Former iflix chairman Patrick Grove. The crisis at iflix comes after Singtel-backed streaming player HOOQ filed for liquidation earlier this year. (Nikkei Montage/Source photo by iflix)

JAKARTA/SINGAPORE -- Malaysia-headquartered video streaming platform iflix is in talks for a sale to avoid a looming debt crisis and has appointed distressed asset specialists to its board of directors after the departure of its two co-founders, DealStreetAsia has learnt.

Sources from within iflix and in the industry told DealStreetAsia that the on-demand video platform is targeting to close a deal by the end of the month.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more