October 11, 2019 / 12:51 PM / a month ago

IAC proposes to dissolve ownership stake in Match

Oct 11 (Reuters) - IAC/InterActiveCorp said on Friday it intends to dissolve its ownership stake in Match Group Inc and distribute the stake to its shareholders, as part of a separation plan.

The two entities, "New Match" and "New IAC", post the separation will function as two independent public companies, IAC said. (bit.ly/2MAE78T) (Reporting by Neha Malara in Bengaluru; Editing by Shailesh Kuber)

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