(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://ift.tt/3G3mQz7 it intends to pay the settlement from cash on hand.
(Reporting by Nivedita Balu in Bengaluru; Editing by Maju Samuel)
Match Group to pay over $400 million to settle Tinder valuation case - SaltWire Network
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