Activist investor Starboard acquires 6.5% stake in Match Group, owner of Tinder, urging improvements and exploring Hinge opportunities.
Activist investor Starboard has acquired over 6.5% stake in Match Group, owner of Tinder. Starboard is urging Match to improve Tinder, representing over half of the company's revenue, and explore opportunities within Hinge and other emerging apps. The investor also believes Match should consider going private if it fails to make necessary changes, including more aggressive share buybacks.
July 15, 2024
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