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Match appoints two board directors after talks with activist investor Elliott Management
Tinder-owner Match Group has appointed two new members to its board of directors and signed an agreement with Elliott Management.
Tinder-owner Match Group has appointed two new members to its board of directors and signed an agreement with Elliott Management, the company announced on Monday. The report indicated that Elliott was interested in discussing ways for Match to turn its performance around, as the company faces a decline in paying users amid economic uncertainty. “We are one of the largest investors of Match Group today because we believe in its opportunity for significant value creation as the global leader in online dating,” Marc Steinberg, Partner at Elliott, said in a press release.
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