Tinder acquires Snapchat-style social video startup Wheel

Tinder has announced that it is to acquire a social video startup called Wheel, which lets users share Snapchat-style video clips. 
The LA-based app was originally launched in 2015 under the name Ferris on the premise of making it easy for people to share and collaborate on mobile videos with their friends.
Tinder has now inked a deal to takeover Wheel and according to Variety the buyout will see the dating app weave video features into its core app. 
Wheel's chief executive Paul