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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.

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