China’s Momo Pays More Than $600M For PE-Backed Tantan
Momo will pay $600.9 million for Tantan, an app similar to Tinder that is popular with young singles. The deal will also see Momo issue 5.3 million new American depositary shares, Momo said, but the value of the stock was not disclosed.
The acquisition will increase Momo’s reach in the dating app world, adding an entity with 90...
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