Chinese dating app Momo buys VC-backed Tantan
Chinese mobile dating app operator Momo, which has been listed on NASDAQ since 2014, has agreed to buy 100% of VC-backed industry peer Tantan in a cash and stock deal.
Tantan’s shareholders will receive $600.9 million in cash plus 5.3 million newly issued Class A ordinary shares in Momo. The announcement prompted a 17.1% jump in Momo’s American Depository Shares...
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