(Reuters) – Match Group Inc said on Wednesday it would pay Tinder founders $441 million to settle a case in which the dating app’s executives claimed the company undervalued it to avoid paying billions of dollars.
The lawsuit had stated that IAC/InterActiveCorp and its subsidiary, Match, deliberately prevented the plaintiffs from cashing in stock options they could exercise and sell to IAC.
Match said https://www.sec.gov/ix?doc=/Archives/edgar/data/891103/000089110321000093/mtch-20211201.htm it intends to pay the settlement from cash on hand.
(Reporting by Nivedita Balu in Bengaluru; Editing by Maju Samuel)
