Match shares surge on report activist investor Elliott takes $1 billion stake
Publishing timestamp: 2024-01-09 12:20:30
Summary
Match Group shares rose by 12% after it was reported that Elliott Management had built a stake in the company. Match Group owns popular dating platforms like Tinder and Hinge but has faced challenges in recent times. Elliott Management is expected to engage with Match management, but it is unclear if they will nominate their own directors. Despite the challenges, some analysts remain optimistic about Match Group's prospects.
Sentiment: MIXED
Tickers: CCI, CRM, MTCH, PINS, PSX,
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