ShareChat, MX Media merge Moj, MX TakaTak short video apps in mega deal
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Sharechat’s parent company Mohalla Tech and MX Media Co have merged their short video apps - Moj and MX TakaTak - in a deal valued around $600-$700 million (Rs 4,500 crore - Rs 5,500 crore). The combined short video app is pegged to be the largest in the country and will cater to more than 300 million monthly active users (MAUs). The companies said in a statement that the combined app will have a 100 million strong creators’ community.