قالب وردپرس درنا توس
Home / Business / Match Group – Including Tinder, Hinge and Match.com being sold by

Match Group – Including Tinder, Hinge and Match.com being sold by



American holding company IAC (InterActiveCorp) has announced that it will spin off its Match Group that specializes in all kinds of online dating services and apps.

One can say that IAC is "unmatching" with Match Group, which owns, among others, Tinder, Blackpeoplemeet, POF, Match.com, OkCupid and Chemistry.com.

Related Tinder gets rid of Google Play Payments From Its App

IAC has become known for its ability to incubate and sell businesses with a large profit, including, but not limited to, Expedia, Ticketmaster and LendingTree.

Today, IAC proposed an important first step in the separation of the Match Group from IAC. IAC is confident that the proposal sent to Match Group's special committee provides strong support for Match Group to begin its journey as a thriving, independent company.

-IAC ​​CEO Joey Levin

Match will now operate as a completely independent company

  Tinder encryption security

Match is already trading under its own ticker (NASDAQ: MTCH) IAC owns around 80% of the available shares. The group was first announced for $ 12 at an initial public offering on November 19, 2015. Only shy of fours to date, and Match is now trading at $ 74 as of this date. Looking at YTD for 2019, the stock is up from $ 42 per share, a nice gain of 80% a year.

According to the proposal outlined by CNBC, Match Group's two-class share structure would be eliminated in favor of a share class. IAC shareholders would then take ownership of the shares in Match that IAC owns.

The dating juggernaut has done very well, first and foremost thanks to the successful success his main brand achieved, Tinder. Tinder came on the scene and largely transformed how online dating worked and gained tremendous traction in the 18-25 year old demographic.

Revenue climbed 18% year for the company in the second quarter, and its high-time valuation can push the IAC to pay out while it can. A 600% return on five years is definitely nothing to savor, especially when the total valuation is nearly $ 21 billion!



Send


Source link