Match Group Closes Acquisition of Hyperconnect
DALLAS and SEOUL, South Korea, June 17, 2021 /PRNewswire/ -- Match Group (NASDAQ:MTCH) announced today it has completed the acquisition of Hyperconnect, a leading social discovery and video technology company. The $1.725 billion transaction was completed 50% in cash and 50% in Match Group stock.
"Hyperconnect's forward-looking technology has already forged new ways for the next generation to make friends and engage with new people, regardless of borders and language barriers," said Shar Dubey, CEO of Match Group. "Our immediate goal is to accelerate Hyperconnect's growth, whil
