The regional streaming service has been bought by Tencent for a reported eight-digit sum, enabling Hearst, JTBC, Liberty Global, MNC, PLDT, Sky, Yoshimoto Kogyo and Zain to exit.

Internet group Tencent has acquired iFlix, a Malaysia-based entertainment service provider backed by corporates including Hearst, JTBC, Liberty Global, MNC, PLDT, Sky, Yoshimoto Kogyo and Zain, Variety reported on Wednesday. Sources privy to the deal said Tencent is paying “several tens of millions of dollars” to complete the purchase of iFlix through a special-purpose entity.…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.