Momo Acquires Tantan - Internet Dating Investments

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Momo Acquires Tantan

Momo tantan logosFINANCIAL TIMES - Feb 23 - Momo paid for the top Chinese dating app $600.9M in cash and 5.3M shares. That brings the total value of the deal to ~$760M. Tantan, dubbed Chinese Tinder, had raised $120M, including a $70m last year. It has enabled 5B matches since its launch. (Tinder claims 8B matches.) Tantan's management will stay and the companies will continue to operate independently.

by Yuan Yang
See full article at Financial Times

This post also appears on OnlinePersonalsWatch.

02/23/2018 |

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