Activist Starboard builds over 6.5% stake in Tinder owner Match, WSJ reports

Quick Summary:

Activist investor Starboard has a position in Tinder owner Match of more than 6.5 per cent and is pushing for a possible sale if a turnaround isn't successful, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Activist Starboard builds over 6.

Shares of Match rose nearly 9 per cent in extended trading following the report.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Starboard Activist Reported Investor Match Report Builds Pushing Tinder Believes Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 07:21:57 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 290 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21639695

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 31 posts per day

Year Established: 1999

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News Last Updated: 3 hours ago

Coverage Areas: Singapore

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Publisher ID: #27

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