Tinder has an estimated 57 million users worldwide. — AFP
The popular mobile dating app Tinder will move out on its own next year in a spinoff announced by corporate parent IAC.
Tinder and its online dating siblings including PlentyOfFish, OkCupid and Hinge, which make up the Match Group, will be spun off as an independent company in 2020, according to an IAC statement.
"We've long said IAC is the 'anti-conglomerate' – we're not empire builders," said Barry Diller, chairman and senior executive of the holding company IAC.
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