BLOOMBERG - June 20 - Match will take a 51% stake with the option to buy the remaining shares over the next year. Financial terms of the deal weren't disclosed. Since the redesign in 2016, the app's user base quadrupled, according to Justin McLeod, CEO of Hinge. The company hasn't released concrete data about it user base, but Hinge is the fifth-highest grossing dating iPhone app, according to AppAnnie. Match Group first invested in Hinge in September 2017, taking a seat on it's board.
by Joshua Brustein
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