Twitter LinkedIn
    Wednesday, May 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»Match Group looks beyond love with $1.73 billion Hyperconnect deal
    Deals & Transactions

    Match Group looks beyond love with $1.73 billion Hyperconnect deal

    February 13, 2021Updated:February 13, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Match Group Inc has agreed to buy Softbank Group-backed South Korean social media firm Hyperconnect for $1.73 billion, as the owner of Tinder and Hinge looks beyond romantic connections to help users make friends across geographies.

    Match last week said Japan had become its second-highest grossing market behind the United States, with revenue in the Asian country surging more than 600% in the past five years.

    Hyperconnect is profitable, the companies said, adding that it reported a 50% jump in 2020 revenue to more than $200 million.

    Match’s flagship app Tinder, with 66 million average monthly active users, dominated the dating market worldwide with 53.8% of the market share during the final quarter of 2020, according to analytics firm Apptopia.

    Read more at: Reuters

    By Tiyashi Datta, Noor Zainab Hussain and Ramakrishnan M.

    Image Source

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals Mergers and acquisitions
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Moove acquires PetroChoice from Golden Gate Capital in £479m deal

    May 24, 2022

    Blackstone Credit Acquires 49% Interest in U.S. East Coast LNG Infrastructure Asset

    May 23, 2022

    Buyout Firm Bridgepoint Weighs $2 Billion Sale of Software Provider Kyriba

    May 23, 2022

    CD&R, TPG Bid $21 a Share for Animal-Health Firm Covetrus

    May 23, 2022

    Comments are closed.

    Other Articles

    KKR bids for Telecom Italia in a mammoth private-equity deal

    November 26, 2021

    Finch Capital completes successful first close of EUR150m Europe III fund

    February 12, 2021

    Ara Partners closes second fund with $1.1bn of capital commitments

    September 24, 2021

    PE firm Ascent Capital seeking Sh 13.1 billion for regional investments

    January 11, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?