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Elliot swipes right on Tinder and Hinge owner with US$1 billion stake
MTCHMatch Group(MTCH) Proactive Investors·2024-01-09 08:51

Activist investor Elliott Investment Management is looking to enforce change at Tinder and Hinge after building a roughly US1billioninownerMatchGroup(NASDAQ:MTCH).AspertheWallStreetJournal,ElliotplanstoimproveperformanceatMatch,alongsidetakingstepstoreinvigoratesharesinthecompany,whichsit801 billion in owner Match Group (NASDAQ:MTCH). As per the Wall Street Journal, Elliot plans to improve performance at Match, alongside taking steps to reinvigorate shares in the company, which sit 80% down on highs seen during the pandemic. Specific details on how Elliot will reignite the stock are yet to be revealed, though the US1 billion stake is said to have placed Elliot as one o ...