Match Group (Tinder, PlentyOfFish, OkCupid, Hinge) leaves its parent company

by bold-lichterman

Tinder and its sisters are emancipating themselves: Match Group, which includes several online dating applications (Tinder, PlentyOfFish, OkCupid, Hinge…), will become independent from its parent company, the IAC holding company, which announced the separation on Thursday. “We have long said that we are ‘anti-conglomerate’. We are not building an empire ”Barry Diller, president of IAC, said in a statement. ” We have always separated from our activities when they grow and gain maturity ”, he added.

57 million users worldwide

The split is expected to be finalized in 2020, in the second quarter. Tinder, known for the ability to “swipe” profiles to the right or left depending on whether you want to meet them or not, is the largest of Match’s apps, with around 57 million users. in the world.

The separation of the two companies will bring more flexibility to Match and funds to IAC, a media and entertainment group that includes the Daily Beast, Dotdash, Vimeo, Investopedia and HomeAdvisor. “Match Group will be our 7th spin-off company. She will join an impressive group of IAC offspring who collectively represent $ 58 billion today ”, specified the president of IAC.