Stock Groups

Match Group to pay over $400 million to settle Tinder valuation case -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO – Tinder, a dating app for iPhones is displayed in the photo illustration of February 10, 2016, taken by Mike Blake. REUTERS/Mike Blake/Illustration/File Photo

(Reuters) – Match Group Inc (NASDAQ:) announced Wednesday that it will pay $441 million to Tinder founders to settle an allegation by executives of the app that it undervalued the company to avoid billions.

According to the lawsuit, IAC/InterActiveCorp and Match deliberately stopped plaintiffs cashing in stock options that they could exercise or sell to IAC.

Match said https://www.sec.gov/ix?doc=/Archives/edgar/data/891103/000089110321000093/mtch-20211201.htm it intends to pay the settlement from cash on hand.

Disclaimer: Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs are stocks, futures, indexes or Forex. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. Because prices might not reflect the market, they may be incorrect. This means that prices cannot be considered indicative of market prices and is not suitable for trading. Fusion Media does not accept any liability for trade losses you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.

[ad_2]