M17 sells its online dating assets to focus on live streaming

M17 sells its online dating assets to focus on live streaming

M17 Home entertainment revealed today that it has sold its online dating assets to concentrate on its core live streaming business in Asia and other markets. Paktor Pte, which runs Paktor dating app and other services, was acquired by Kollective Ventures, an equity capital advisory company. The worth of the deal was concealed. In its statement, […] In a declaration, M17 CFO Shang Koo stated, “As our Japan live streaming business has actually increased, we found we were unable to dedicate the very same level of internal resources to our dating company in Southeast Asia. M17 was formed in April 2017 when Paktor merged with 17 Media. …