@LaughinPaulRyan
4 years ago
Specifically, IAC and Match announced that all Match stockholders will now receive cash in lieu of fractional shares of post-Separation Match Group (after aggregating all fractional shares that would otherwise be issuable to such holder). The parties executed an amendment to the Transaction Agreement, dated as of December 19, 2019 and as amended (the "Transaction Agreement"), by and among IAC, Match, IAC Holdings, Inc. ("New IAC"), and Valentine Merger Sub LLC to effect this change.
@LaughinPaulRyan
4 years ago
About Match Group
Match Group (NASDAQ: MTCH), through its portfolio companies, is a leading provider of dating products available globally. Our portfolio of brands includes Tinder®, Match®, Meetic®, OkCupid®, Hinge®, Pairsโข, PlentyOfFish®, and OurTime®, as well as a number of other brands, each designed to increase our users' likelihood of finding a meaningful connection. Through our portfolio companies and their trusted brands, we provide tailored products to meet the varying preferences of our users. Our products are available in over 40 languages to users all over the world.
@LaughinPaulRyan
4 years ago
IAC and Match Group anticipate that the separation will be completed after the close of business on June 30, 2020, subject to the satisfaction or waiver of all closing conditions.
The final vote results on the proposals voted on at the IAC annual meeting and the Match Group special meeting will be set forth in separate Form 8-Ks filed by each of IAC and Match Group upon final certification by each company's inspector of elections.
About IAC
IAC (NASDAQ: IAC) builds companies. We are guided by curiosity, a questioning of the status quo, and a desire to invent or acquire new products and brands. From the single seed that started as IAC over two decades ago have emerged 10 public companies and generations of exceptional leaders. We will always evolve, but our basic principles of financially-disciplined opportunism will never change. IAC today operates Vimeo, Dotdash and Care.com, among many others, and also has majority ownership of both Match Group, which includes Tinder, Match, PlentyOfFish, OkCupid and Hinge, and ANGI Homeservices, which includes HomeAdvisor, Angie's List and Handy. The Company is headquartered in New York City and has business operations and satellite offices worldwide.
@LaughinPaulRyan
4 years ago
NEW YORK and DALLAS, June 25, 2020 /PRNewswire/ -- IAC (NASDAQ: IAC) ("IAC") and Match Group, Inc. (NASDAQ: MTCH) ("Match Group") today announced that at their respective stockholder meetings held today, IAC and Match Group stockholders voted to approve all proposals required to complete the separation of Match Group from the remaining businesses of IAC pursuant to the previously announced Transaction Agreement, dated as of December 19, 2019 and amended on April 28, 2020 and June 22, 2020 (the "Transaction Agreement"), by and among IAC, Match Group, IAC Holdings, Inc. ("New IAC"), and Valentine Merger Sub LLC, including a vote of a majority of the shares held by the disinterested stockholders of Match Group.
(PRNewsfoto/Match Group,IAC)
TFMG
6 years ago
IMPRESSIVE EARNINGS, BULLISH AFTER-HOURS MOVE
It was once thought that Facebook was going to stamp all over the Match portfolio of dating apps, but that has not happened, quite the opposite. MTCH has almost monopolized the online dating sector with multiple apps and platforms catering for a wide and diverse set of people. Growth is outstanding and that will only grow as more and more people become dependent on their phone to get the a date. Sadly that the lack of social interaction among people in the current environment, coupled with mistrust, has made us dependent on a app to tell us who we should like or dislike, rather than a conversation.
TFMG
6 years ago
IMPRESSIVE EARNINGS, BULLISH AFTER-HOURS MOVE
It was once thought that Facebook was going to stamp all over the Match portfolio of dating apps, but that has not happened, quite the opposite. MTCH has almost monopolized the online dating sector with multiple apps and platforms catering for a wide and diverse set of people. Growth is outstanding and that will only grow as more and more people become dependent on their phone to get the a date. Sadly that the lack of social interaction among people in the current environment, coupled with mistrust, has made us dependent on a app to tell us who we should like or dislike, rather than a conversation.