FINANCIAL 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
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Summarized by the IDEA team
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