NASDAQ-listed Momo Says Go-Private Deal off the Table

(Beijing) – A group of investors withdrew its US$ 3 billion offer to buy out a NASDAQ-listed Chinese dating app, the company says.

Momo Inc., a Chinese equivalent of Tinder, said on August 18 that it received a letter from the buyer group, including the company's chairman and CEO Tang Yan, e-commerce giant Alibaba Group Holding Ltd. and venture capital firm Sequoia Capital's Chinese arm, dropping its plan to take the company private.