Momo Swipes directly on a Rival Dating App for $800 Million

Momo Swipes directly on a Rival Dating App for $800 Million

The 2 “Tinders of China” just joined up with forces to dominate online dating.

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Momo (NASDAQ: MOMO) recently shut its purchase of dating app Tantan in a money and stock deal well worth nearly $800 million, which broke down seriously to $600.9 million in cash and also the rest in newly released stocks. The takeover, that was initially established in February, will expand Momo’s online dating ecosystem and widen its moat.

Understanding Momo

To comprehend why Momo purchased Tantan, just take a closer consider Momo’s core company. Momo’s namesake software, which allows users find each via their pages and provided places, is normally called “China’s Tinder. “

Image supply: Getty Pictures.

Momo happens to be expanding that platform with brand brand new talk experiences, a “discovery” page for searching individual pages, and video that is live, that have been launched during the early 2017. The development of real time video clip channels, that was sustained by advertisements and audiences purchasing gifts that are virtual their most favorite broadcasters, had been a game-changer for Momo and supported a few right quarters of triple-digit product sales development. 继续阅读Momo Swipes directly on a Rival Dating App for $800 Million