Hints and tips:
...“Tinder was in chaos since inception because Sean Rad was a bad leader,” IAC said in a statement on Monday....
...Match and IAC had argued that Rad — who immediately sold the IAC shares his Tinder equity had converted to in 2017 — suffered from “seller’s remorse”, and that he had been given the chance during the valuation...
...But IAC believes online and mobile gaming, like travel booking and romance, will eventually migrate in large part to smartphones....
...This year Mr Diller spun off Match Group from IAC, his media holdings group. On Monday he said this separation left IAC with “$3.9bn of cash, no debt and its opportunistic zeal intact”....
...Breaking up is hard to do but IAC is doing it anyway....
...The founders of Tinder are suing the dating app’s parent companies InterActiveCorp and Match Group alleging that they undermined Tinder’s valuation and so cheated employees out of billions of dollars....
...Shares of IAC climbed more than 3 per cent on Monday....
...Shares in Match fell 22.1 per cent to $36.71, while IAC was down 17.8 per cent to $133.33. IAC owns 80 per cent of Match. Match Group has 7m users of its dating products, 3m of them on Tinder....
...InterActiveCorp, Match’s parent company, also steadied in pre-market trade having dropped 18 per cent overnight....
...HomeAdvisor, the hottest unit of his listed e-commerce factory IAC, has increased revenue in excess of 35 per cent annually in recent quarters....
...As the IAC programme notes: Elon Musk will discuss the long-term technical challenges that need to be solved to support the creation of a permanent, self-sustaining human presence on Mars....
...Vimeo, the video division of New York-listed IAC, is known for focusing on more artistic and serious filmmakers than the creators who have built millions of followers of YouTube, a much larger video platform...
...Barry Diller’s IAC may soon be paying a similar safety premium. IAC has long acquired, nurtured and spun off successful digital businesses....
...Match is an online dating business stitched together over several years by Barry Diller’s IAC. IAC will list Match shares this week, at an expected enterprise value of $4.5bn....
...Ms Mayer also faces the additional complication of private equity buyers and media group IAC eyeing its core business....
...Several private equity firms and media company IAC are interested in looking at an acquisition, according to people familiar with the matter....
...The companies declined to comment, but in a recent securities filing IAC said Mr Diller was “required to travel, both for business and personal purposes, on corporate aircraft”....
...The company, which boasts 59m monthly active users and 4.7m paid subscribers, has recently been IAC’s fastest-growing division....
...Match’s owner, IAC, the media and entertainment conglomerate run by Barry Diller, announced plans to spin off the division in June....
...IAC, the media company that controls dating sites Tinder and Match.com, is also interested in looking at buying Yahoo, said people familiar with the matter....
...The Match Group, which IAC created to house its dating businesses in 2013, has recently been IAC’s fastest-growing division....
...This would relieve us from some awkward moments, such as not being able to listen to a prominent executive at IAC. Other lessons were more bitesized....
...The group, which was acquired by Mr Diller’s IAC group in August, will join the European headquarters of Ask.com, the arm of IAC that controls the app....
...Tinder and IAC are being sued by a former executive for sexual harassment and discrimination....
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