iflix in talks for sale, adds distress specialists to board after co-founders exit

The iflix logo is seen on a retro television screen. Graphic: DealStreetAsia

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. The shortlist of potential acquirers is believed to include companies based in Greater China.

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