Indian social media and social networking service platform ShareChat will be acquiring Times Internet-owned MX TakaTak in a $600-million deal, as per media reports.
Reportedly, the acquisition move is expected to strengthen ShareChat’s short video play through the platform, Moj.
Post-acquisition, Moj which has around 160 million monthly active users and MX TakaTak which has 150 million combined together will have an active user base of over 300 million.
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