Business

A tech IPO in time for Valentine’s Day

This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers. Sign up to get it delivered free to your inbox.  IPO investors seem to think they’ve found a true match with dating app company Bumble. The company behind Badoo and the Bumble app raised $2.2 billion in an offering […]

Business

The rise of friendship apps

Match Group (Nasdaq: MTCH), the company that owns dating app Tinder, agreed to acquire Hyperconnect, a South Korean maker of apps aimed at forming friendships, for no small amount: about $1.7 billion in cash and stock for the owner of the Azar and Hakuna Live apps. “Coronavirus is accelerating existing digital trends” may be a phrase […]

Business

Reddit gets a Gamestop boost

You know the story by now: A band of retail traders helped send shockwaves through the stock market in recent weeks by taking bets traditional investors would consider absurd. Shares of video game retailer Gamestop at one point hit $347 apiece after languishing in the upper teens just weeks earlier. Now, the social media platform […]

Business

Founders Fund signs up for a Miami office

A naive part of me hoped for a slow start to Monday. This was not my day . Let’s kick off the week with a highly debated topic: the move by some venture capitalists to Florida and Texas. Founders Fund, the venture capital firm founded in part by Peter Thiel, has rented out space in […]