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Singapore-based Paktor Acquired Dating App DOWN

The controversial “Bang With Friends?”, later rebranded as Down, was surprisingly acquired by Singapore-based dating startup Paktor (which literally means dating in Cantonese)

After raising just $1 million, it was a “positive outcome” for investors like Tim Draper. Paktor has pulled in more than $50 million from investors, including a recent $32.5 million round in October  it is focused on Asia but also has services in Latin America, the U.S. and Europe. Colin Hodge, founder and CEO of Down, is joining the Paktor team and will keep both the Down and Sweet apps operating.

Not sure how Down will fare in Asia, but hey, pay attention to it soon.

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