IAC proposes to dissolve ownership stake in Match

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© Reuters. IAC proposes to dissolve ownership stake in Match© Reuters. IAC proposes to dissolve ownership stake in Match

(Reuters) – IAC/InterActiveCorp (O:) said on Friday it intends to dissolve its ownership stake in Match Group Inc (O:) 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.

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