Match buys VC-backed Korean social platform for $1.7b
Hyperconnect, a Korean social media platform backed by Altos Ventures and SoftBank Ventures Korea, has agreed to an acquisition by online dating giant Match Group for $1.73 billion in cash and stock.
The company was established in 2014 and received $2 million in funding from Altos later that year, AVCJ Research’s records show. The venture capital firm re-upped in 2015, participating in a KRW10 billion...
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