Match Group Closes Acquisition of Hyperconnect

Match Group announced the acquisition of Hyperconnect, a leading social discovery and video technology company. The $1.725 billion transaction was completed half in cash and half 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 […]

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  • Match Group announced the acquisition of Hyperconnect, a leading social discovery and video technology company. The $1.725 billion transaction was completed half in cash and half 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 while deploying their technology across our portfolio, helping to ensure people around the world have access to the best products to meet new people and create joyful connections.”

    Based in South Korea, Hyperconnect employs more than 400 people, of which approximately half are top-tier engineers, and operates two social discovery apps: Aza and Hakuna Live. Azar offers 1:1 live video and voice chat with a strong presence across Asia and growing in Europe. Hakuna Live, which launched in 2019, provides one to many or group live video, audio, and avatar-based streaming with a highly engaged user base in South Korea, Japan and other markets across Asia.

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