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April 12, 2014 01:30 am GMT
There was an audible gasp in the Twittersphere this morning, after Bloomberg reported that buzzy mobile dating app Tinder was valued at $5 billion in a recent transaction. According to Bloomberg, IAC recently purchased 10 percent of the company for $500 million from Social+Capital Partnership founder and former Facebook exec Chamath Palihapitiya.Palihapitiya had accumulated Tinder shares via his… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/7_e_6wFbsTI/
Tinder Is Not Valued At $5B, And IAC Did Not Buy 10% Of The Company
There was an audible gasp in the Twittersphere this morning, after Bloomberg reported that buzzy mobile dating app Tinder was valued at $5 billion in a recent transaction. According to Bloomberg, IAC recently purchased 10 percent of the company for $500 million from Social+Capital Partnership founder and former Facebook exec Chamath Palihapitiya.Palihapitiya had accumulated Tinder shares via his… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/7_e_6wFbsTI/
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