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Tinder owner buys Korean video services developer Hyperconnect for $ 1.7 billion
10.02.2021 [16:36],
Arthur Khamzin

Match Group, which owns Tinder, announced the purchase of Korean video services company Hyperconnect. The deal was worth $ 1.7 billion. The largest acquisition in Match Group history.

Dallas Morning News

The Korean developer owns two major applications: Azar is intended for communication in audio and video chats, and Hakuna Live is for online broadcasts. The Korean company is profitable, with 2021 revenues reaching $ 200 million, Match Group says. This is 50% more than a year earlier. Services are especially popular in the Asian market, therefore, 75% of the revenue comes from Asian residents.

Hyperconnect is also renowned for innovation. The company has created a technology it calls the “first mobile version” of WebRTC. It is designed for direct peer-to-peer connection of mobile users without using servers. This improves user safety and reduces developer costs.

Another technology of the Korean company makes it easier for representatives of different language groups to communicate. It allows interlocutors to talk and correspond using real-time translation. This function is used in the Azar service.

For what purposes Match Group acquired Hyperconnect is not specified. Techcrunch suggests the company may integrate technology into Tinder and other dating services in the future. The transaction is expected to close in the second quarter of 2021.

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