Activist Elliott spots an opportunity to restore growth at Match. Here’s what may happen next
Publishing timestamp: 2024-01-13 06:54:08
Summary
Activist investor Elliott Management has taken a $1 billion position in Match Group, the global leader in online dating apps. While Match Group has a strong financial profile, its stock price has performed poorly due to management turnover and questionable strategic deals. Elliott believes that getting the right CEO at Tinder and focusing on margin restoration and growth opportunities can improve the company's performance. Elliott's track record suggests that they may seek a board seat in Match Group.
Sentiment: MIXED
Tickers: MTCH,
Keywords: investment strategy, breaking news: investing, hedge funds, business news, match group inc,