IAC Plans to Spin Off Match Group
- Wednesday, October 30 2019 @ 09:57 am
- Contributed by: kellyseal
- Views: 897

IAC has announced its plan to spin off its most profitable company, Match Group, to create “two independent public companies,” according to a company statement.
Match Group is a publicly traded company and owns a suite of star dating apps like Tinder, PlentyofFish, Hinge and OkCupid among others, but IAC is still Match Group’s majority owner (with 80 percent of Match Group’s holdings). According to Tech Crunch, when the spin-off occurs, IAC says it would distribute its Match Group shares to IAC stockholders, which means IAC shareholders would have shares in both companies.
The move would allow Match Group to become a fully separate, independent company.


