Starboard Value LP (together with its affiliates, “Starboard”), which holds approximately 6.6% of the outstanding common shares of Match Group, Inc. (NASDAQ: MTCH) (“Match” or the “Company”), today announced it sent a letter to the Company’s Chief Executive Officer, President & Chief Financial Officer, and Board of Directors regarding actionable opportunities for enhancing shareholder value. In addition, the letter lays out Starboard’s view that Match should explore a sale in the event the Company’s leadership is unable to execute on the prescribed value-enhancing initiatives.
The letter can be accessed at https://www.starboardvalue.com/presentations.
About Starboard Value LP
Starboard Value LP is an investment adviser with a focused and differentiated fundamental approach to investing in publicly traded companies. Starboard invests in deeply undervalued companies and actively engages with management teams and boards of directors to identify and execute on opportunities to unlock value for the benefit of all shareholders.
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