Match Group (MTCH) Signs Agreement to Separate From IAC

Match Group MTCH announced that has entered into a definite agreement to completely separate from its parent company — InterActiveCorp IAC. Following this development, IAC will spin-off 81% stake in Match Group. The companies will become independently thriving public playersInvestors are elated by this development, as Match Group’s stocks gained nearly 8.5% during the trading session on Dec 19, 2019. Shares of the company have surged 98.5% in the past year compared with the industry’s rise of 17.8%.Match Group, which marks the seventh spin-off from IAC, has emerged as of the foremost providers of dating products. The company and operates a portfolio of more than 45 brands.

finance.yahoo.com     Dec 20, 2019