Online dating major Match Group is reportedly in advanced talks with matrimony platform Shaadi.com to pick up a strategic stake in the Indian company.
The discussions, which have been going on for a month, have only involved the two brands, and the details have yet to be worked out, according to The Economic Times. According to another source familiar with the situation, the Match Group is looking to buy out institutional shareholders. The dating giant is also considering investing in the Indian platform’s primary equity. However, the exact financial terms and arrangement of the deal are still unknown.
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