Hello Group takes majority stake in Inner Circle

Business · First reported 2 Nov, 04:13 · Updated 04:46

Image: Wikimedia Commons · NASA/USGS · Public domain

Hello Group has acquired a majority stake in Amsterdam-based dating app Inner Circle; the companies did not disclose the deal’s price or stake size. Inner Circle will keep its name and Amsterdam operations as Hello Group supports its expansion.

Hello Group acquired a majority stake in Inner Circle, an Amsterdam-based dating platform; the deal’s price and stake size were not disclosed.
Inner Circle says it has nearly 9 million members and will retain its name and continue operating from Amsterdam.
Hello Group plans to support Inner Circle with technology, product development and operational teams as it seeks to expand into new markets.

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Key facts

Acquirer: Hello Group
Stake: Majority stake; price and stake size were not disclosed
Inner Circle membership: Nearly 9 million members, according to the company
Continued operations: Inner Circle will keep its name and operate from Amsterdam