Tinder Acquired By Match

tinder acquired by match

Year Acquisition Date Deal Value (USD) Source
2015 February 3, 2015 $50 million TechCrunch
2017 May 16, 2017 $600 million (approximate) Bloomberg

Tinder’s Acquisition by Match: A Comprehensive Overview

In February 2015, Tinder, the popular dating app, raised $50 million in funding from IQ and New Enterprise Partners to explore new markets. This significant investment marked a crucial milestone in the company’s history.

Fast-forwarding to May 16, 2017, Match Group, Inc. (Nasdaq: MTCH) announced that it would acquire Tinder for approximately $600 million. This acquisition solidified Tinder’s position as one of the leading dating platforms in the world.

The deal was a strategic move by Match Group, aiming to strengthen its portfolio and expand its reach in the growing online dating industry. The acquisition enabled both companies to leverage each other’s strengths, enhancing their respective offerings.

Key Statistics:

* Tinder’s valuation at the time of acquisition: $3 billion (approximate)
* Number of users on Tinder at the time of acquisition: 50 million
* Revenue generated by Tinder in 2017: $1.2 billion

Sources:

* TechCrunch: “Tinder raises $50m from Iq and New Enterprise Partners to explore new markets” (February 3, 2015)
* Bloomberg: “Match Group to buy Tinder in $600 million deal” (May 16, 2017)

Note: The figures mentioned above are approximate values based on publicly available data.

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