Starboard Value delivered a letter to Match Group, Inc (MTCH)

Key Summary: On July 15, 2024, Starboard Value (6.6%) delivered a letter to Match Group expressing concerns about its underperformance and undervaluation, suggesting the Board explore all value creation options, including potential privatization. Starboard highlighted Match's significant discount compared to peers, trading at less than 8.5x 2024 free ca…