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IAC proposes to dissolve ownership stake in Match

IAC/InterActiveCorp said on Friday it intends to dissolve its ownership stake in Match Group Inc and distribute the stake to its shareholders, as part of a separation plan. The two entities, "New Match" and "New IAC", post the separation will function as two independent public companies, IAC said.

Oct 11 (Reuters) - IAC/InterActiveCorp IAC.O said on Friday it intends to dissolve its ownership stake in Match Group Inc MTCH.O and distribute the stake to its shareholders, as part of a separation plan.

The two entities, "New Match" and "New IAC", post the separation will function as two independent public companies, IAC said. (https://bit.ly/2MAE78T)

(Reporting by Neha Malara in Bengaluru; Editing by Shailesh Kuber)

((Neha.Malara@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 6749 0344;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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