M&A Deal Summary

Hello Group Acquires Tantan Culture Development

On February 23, 2018, Hello Group acquired internet software and services company Tantan Culture Development for 601M USD

Acquisition Highlights
  • This is Hello Group’s 1st transaction in the Internet Software and Services sector.
  • This is Hello Group’s largest (disclosed) transaction.
  • This is Hello Group’s 1st transaction in China.

M&A Deal Summary
Date 2018-02-23
Target Tantan Culture Development
Sector Internet Software and Services
Buyer(s) Hello Group
Deal Type Add-on Acquisition
Deal Value 601M USD

Target

Tantan Culture Development

Chaoyang, China
Tantan Ltd. is a developer of a social and dating app designed to help users to find a romantic connection as well as to meet interesting people. Tantan was founded in 2015 and is based in Chaoyang, China.

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Buyer(S) 1

Buyer

Hello Group

Beijing, China
Category Company
Founded 2011
Sector Internet Software and Services
Employees1,382
Revenue 12.0B CNY (2023)
DESCRIPTION

Hello Group is a mobile social networking platform enables users to connect with each other and expand relationships from online to offline. Hello Group was founded in 2011 and is based in Beijing, China.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (China) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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