Match to Buy Korean Video Technology Firm for $1.73 Billion (2)

Match Group Inc. said it will acquire South Korean video technology company Hyperconnect for $1.73 billion in cash and stock to help expand online dating and social features on its apps.

Since the coronavirus pandemic has all but ended in-person socializing, Match has been adding tools like video and streaming to its family of dating apps, the biggest of which is Tinder. Seoul-based Hyperconnect has two flagship apps, Azar -- a live video and audio chat app with features including instant voice and text translation -- and Hakuna Live, a social streaming app that enables group audio and video ...