Amazon to abandon bid for IPL rights: Report

  • The IPl media rights had been estimated to fetch an unprecedented $7.7 billion.
  • Amazon.com Inc. is planning to withdraw from a heated competition for the rights to stream Indian Premier League cricket matches
  • While Amazon has already invested more than $6 billion in the country, more spending merely for the online streaming rights to the league didn’t make business sense, they said.
[Via]

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