Top News

Report: Tinder Now Valued Over $5 Billion

Los Angeles-based Tinder, the mobile dating app developer led by Sean Rad, is now worth over $5 billion, according to a report Friday from Bloomberg. Bloomberg said that IAC recently bought 10 percent of Tinder from venture capitalist Chamath Palihapitiya, for $500M. Bloomberg cited "people with knowledge of the deal." IAC"s Barry Diller said that investors have been "banging through our doors" trying to buy a piece of Tinder. A valuation of $5 billion puts Tinder's worth above the $3 billion offer that Snapchat rejected last year from Facebook.





Latest Headlines

Browse Issues


Keep up with all of the latest Southern California high tech news via email (it's free!)

or Cancel