China’s two biggest dating apps have announced their marriage. Momo (陌陌) will acquire 100% fully diluted equity stake in Tantan (探探) for a combination of share consideration and cash, including approximately 5.3 million newly issued Class A ordinary shares of the Company and US$600.9 million in cash, the company announced today in a press release.

The matrimony, however, will not result with a Motan or a Tanmo: it is understood that the two companies will continue to operate independently. The deal is expected to be completed in Q2 of 2018.

Momo is China’s biggest location-based social and dating network and this is its first big purchase after listing in the US in 2014. Momo has heavily invested in China’s live streaming trend which brought them impressive 524 percent year-on-year revenue jump to $246.1 million in Q4 of 2016. During last year, the app continued to integrate new features such as one-on-one (Fast chat) and group (Party) video streaming as well as new options for playing Werewolf, one of China’s most popular party games.

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Masha Borak

Masha Borak is a technology reporter based in Beijing. Write to her at masha.borak [at] technode.com. Pitches with the word "disruptive" will be ignored. Read a good book - learn some more adjectives.