THE MOTLEY FOOL – Apr 16 – Momo shares jumped 9% on March 7 upon the release of fourth-quarter and full-year 2017 earnings. The company continued to benefit from growth in live video services, which, at $328M, accounted for 85% of total revenue during the quarter. During March, shares also continued to benefit from Momo's announcement that it's acquiring privately held Chinese social and dating app provider Tantan. Momo will pay $600.9M in cash and fork over 5.3M newly issued Class A ordinary shares in the transaction.
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