Tinder parent Match rebuffs Anson Funds, names e-commerce veteran to board

Tinder parent Match rebuffs Anson Funds, names e-commerce veteran to board

(Reuters) -Tinder parent Match Group pushed back against activist Anson Funds’ nominees to its board, and appointed seasoned e-commerce executive Darrell Cavens as a new director on Monday. Anson Funds has blamed the board for the company’s underperformance, and has pushed the company for over a year to rethink capital allocation, cut costs, and consider a strategic review of its MG Asia business. The hedge fund, which holds a 0.6% stake in Matc…

Match Appoints Director, Defying Anson Funds’ Activist Push

Match Group Inc. said it plans to appoint e-commerce executive Darrell Cavens to its board and advised shareholders not to vote for the three candidates put forward late last week by activist investor Anson Funds Management LP.

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Match names e-commerce veteran to board amid growing tensions with Anson Funds From Reuters: Online dating company Match Group on Monday named a new director, ratcheting up the stakes in a board battle with Anson Funds only a few days after the activist investor named its three candidates. The... Article link

Activist Anson unveils Director candidates in push for Match Group change

Anson Funds has formally named its slate of three director candidates in an ongoing push to overhaul the board at Match Group, the parent company of popular dating platforms Tinder, Hinge, and OkCupid, according to a report by Reuters. The activist hedge fund has been critical of the company’s governance, accusing Match’s board of being ill-equipped to steer a modern technology company. In a letter addressed to shareholders, Anson Funds’ portfol…