Match Group Acquiring Video Tech Specialist Hyperconnect for $1.725 Billion

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Match Group (NASDAQ: MTCH) is reaching across the Pacific Ocean for a new acquisition. The company announced Tuesday that it has agreed to buy South Korea-based social media company Hyperconnect in a deal priced at $1.725 billion.

Hyperconnect operates two popular apps, Azar and Hakuna Live. The former is a live, one-to-one video chat app that translates voice and text for users who do not speak the same language. The latter is a group video and audio broadcast service. 

Image source: Getty Images.

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