Investornewsbreaks Match Group Inc. (NASDAQ: MTCH) Faces Proxy Battle As Anson Funds Seeks Board Changes

(MENAFN- Investor Brand Network) Match Group (NASDAQ: MTCH) , s confronting a proxy challenge from hedge fund Anson Funds, which plans to nominate directors to the company's 10-member board. Anson, holding approximately 0.6% of Match Group's shares as of December, has been advocating for over a year for the parent company of Tinder, Hinge, and OkCupid to reassess capital allocation, reduce costs, and evaluate its MG Asia business. The hedge fund has also expressed concerns about corporate governance and executive turnover, noting that Match Group has had four CEOs in five years.

As of 10:30 AM EDT on March 20, 2025, Match Group's stock is trading at $31.63, reflecting an increase of $0.19 (0.60%) from the previous close.​

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About Match Group Inc.

Match Group Inc. is a leading provider of online dating services, operating a portfolio of popular dating platforms including Tinder, Match, Hinge, and OkCupid. The company's mission is to spark meaningful connections for users around the world, offering a variety of products tailored to different preferences and demographics. Match Group is headquartered in Dallas, Texas, and its services are available in over 40 languages across more than 190 countries.​

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