Match Group Appoints New Directors After Elliott Management's Push

The appointments of Laura Jones and Spencer Rascoff to Match Group's board come as part of an agreement with Elliott Management, aiming to revitalize the company's performance.

• Match Group announces the addition of Laura Jones and Spencer Rascoff to its board of directors, effective immediately.
• The move follows a constructive dialogue with Elliott Management, which has taken a significant stake in the company.
• Elliott Management's involvement is part of a broader strategy to influence the company's direction and improve its financial performance.
• Match Group has faced challenges, including a decline in paying users and a 79% stock decline from its 2021 peak.
• The appointments are seen as a strategic effort to leverage new expertise in steering the company through its next growth phase.

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