Match Group (NASDAQ:MTCH), the online dating site, has agreed to pay the Tinder founders US$441mln more than three years after it had initially been sued.
The creators of Tinder claimed that Match, and its former owner IAC, had severely undervalued the company at US$3bn when it was bought out in 2017.
However, the founders believe the valuation was massively incorrect, and that it was worth US$13bn.
The ten plaintiffs, which consist of current and former staff, were given stock options in Tinder as part of their compensation in 2014, which represented a fifth of the total valuation.
Due to Tinder being a private company, the shares could only be sold to Match and IAC on specific dates, and they were not permitted to trade and sell the shares on the open market.
As a result, Match, currently valued at US$36.6bn, and IAC paid US$600mln for Tinder in 2017, with the founders saying they had no option but to accept the US$3bn valuation.
Match Group (NASDAQ:MTCH)'s filing with the US Securities and Exchange Commission on Wednesday declared that the firm intends to pay the settlement using cash.
AUSTIN, Texas – Tournament officials announced today that tickets are now on-sale to the general public to attend the World Golf Championships-Dell Technologies Match Play when the event returns to Austin Country Club, March 23-27.
“We are thrilled to be on the horizon of the 2022 WGC-Dell Technologies Match Play that will once again open its doors to the general public where we plan to deliver a best-in-class tournament for the city of Austin,” said Executive Director Jordan Uppleger. “We have worked tirelessly with our title sponsor Dell Technologies and with our host venue Austin Country Club to welcome back all our fans and unveil the next edition of the WGC-Dell Technologies Match Play which annually hosts the top 64 golfers in the world in Match Play format. This ticket launch comes on the heels of announcing the reach of $5 million in charitable giving since 2016 and hope fans know that their purchase of a ticket directly impacts non-profit organizations in their own backyard, and we can’t wait to host the community in March.”
Offering a combination of unmatched views, a vibrant atmosphere, and experiences unique to Austin for every fan, a Grounds ticket to the Dell Technologies Match Play is not your average general admission ticket. Daily Grounds tickets provide single-day access to the tournament along with all of the public fan areas. Daily Grounds ticket prices start at $130.00 (Wednesday), $140 (Thursday) and $170 (Friday-Sunday). A Weekly Grounds ticket option is also on sale going for $525.00 (Wednesday-Sunday).
For an upgraded experience, fans can also purchase daily or weekly tickets to The ULTRA Club, located on the signature par-5 12th fairway. The venue seamlessly blends the finest amenities amidst the hottest tournament actions for an unforgettable experience. Ticket holders can enjoy open-air, covered bar seating with an upgraded menu and premium bar for purchase with unparalleled views of the Penny Backer Bridge with prices starting from $160-$250 or a weekly pass for $725.
Complimentary admission for Military, as well as Youth 15-and-under will be made available at the 2022 event. Disruptive Technology Advisors has been named the Preferred Military Partner of the WGC-Dell Technologies Match Play and will offer up to five hundred general admission tickets per day (Wednesday-Sunday) to active and reserve military members free of charge. In partnership with Intel®, complimentary Youth Tickets will permit youth 15-and-under to gain free entry when accompanied by a ticketed adult, offering up to 500 tickets per day with a maximum of two (2) youth tickets available with each adult. Details on how fans can redeem their complimentary tickets will be made available at a later date.
To purchase tickets or for more information about options, visit dellmatchplay.com.
Rideshare drop-off and pick-up locations will once again return in 2022, along with parking passes made available on the tournament website, but quantities are limited so fans are encouraged to act fast. In addition to the unique fan venues on-site, The Fan Shop will also be open for spectators to browse for merchandise to commemorate their trip to the Dell Technologies Match Play.
On this past Giving Tuesday, the WGC-Dell Technologies Match Play announced it has exceeded $5 million in charitable contributions to the Greater Austin area since the tournament moved to Austin Country Club in 2016. Since its inception in 1999, the event has generated more than $20 million for charity (including past locations and title sponsors). With an incredible venue in Austin C.C. and the 64 best players in the world set to take place in a format unique to this city, the 2022 event will be one of the biggest events on the PGA TOUR schedule with the very best players from around the world from the Official World Golf Ranking.
To purchase tickets or for more information about the VIP Hospitality ticket package, visit dellmatchplay.com and don’t forget to follow our social channels for tournament updates on Twitter, Instagram and Facebook @DellMatchPlay or visit dellmatchplay.com.
WWE decided to pull off an unusual move to start off 2022, scheduling the Day 1 pay-per-view event for New Year's Day. The action will go down from State Farm Arena in Atlanta.
There is no WWE pay-per-view event scheduled for December, so all focus on weekly TV will be on building to the big Jan. 1 event. One championship match is already set, with Big E defending the WWE championship against both Seth Rollins and Kevin Owens in a triple threat match. Plenty more matches will be made in the coming weeks, with all the promotion's world titles on the men's and women's side expected to be defended on the card.
As with all major WWE events, Day 1 will stream live on Peacock. The main card will begin at 8 p.m. ET following a kickoff show one hour prior.
Let's take a look at what we know -- and what we expect -- at WWE Day 1.
WWE Day 1 matches
WWE Championship -- Big E (c) vs. Seth Rollins vs. Kevin Owens: In late October, Rollins won a ladder match on Raw that guaranteed him a future title shot. That was largely sidelined through November as Big E was tied up with Roman Reigns and Survivor Series. Rollins then announced that he would get his title shot at Day 1, only to see Owens -- who had recently turned heel by attacking Big E -- face Big E with the stipulation that Owens would be entered into the match with a victory. Owens was able to provoke Rollins into attacking him during the match, leading to Owens being named the winner via disqualification and his participation in the Day 1 title match confirmed.
WWE Day 1 predictions
Universal Championship -- Roman Reigns (c) vs. Brock Lesnar: Reigns beat Lesnar at Crown Jewel with a load of help from The Usos. An enraged Lesnar attacked on SmackDown, an attack that carried over into thrashing WWE official Adam Pearce. Lesnar was subsequently suspended for his actions. After Sami Zayn won a battle royal on SmackDown to decide the next challenger to Reigns' title, it was announced Lesnar would return to SmackDown on Dec. 3. A New Year's Day clash between Reigns and Lesnar would make a lot more sense than Reigns vs. Zayn. Then again, the Lesnar vs. Reigns rematch may not happen until WrestleMania.
Raw Women's Championship -- Becky Lynch (c) vs. Liv Morgan: Morgan already cemented a title shot, with that opportunity set for the Dec. 6 edition of Raw. With less than a month to build up a new challenger, it seems the easy play for WWE would be an unsatisfying finish on Raw and a rematch set for Morgan. Lynch is on a good run since coming back from her layoff to give birth to her first child, having put on good matches with nearly everyone she has set foot in the ring with. That will give Morgan a good opportunity to be elevated by holding her own with Lynch on a big stage.
SmackDown Women's Championship -- Charlotte Flair (c) vs. Toni Storm: Like Lynch, Flair is a champion in need of a fresh challenger. It seems WWE has selected Storm to fill that role. Storm and Flair have mixed it up in recent weeks, including Flair hitting Storm in the face with two pies on the post-Thanksgiving edition of SmackDown. With no other option clear for Flair, expect Storm to get the chance to step in for a title match.
Raw Tag Team Championship -- RK-Bro (c) vs. Dirty Dawgs: RK-Bro are a central focus of Raw every week and have been tied up with a host of matches against Robert Roode and Dolph Ziggler. While there are possibilities to turn the match into a four-way including The Street Profits and AJ Styles & Omos, it seems clear that the Dirty Dawgs will challenge in some capacity.
FIFA is pleased to announce the much-anticipated, 64-fixture match schedule for the ninth edition of the FIFA Women’s World Cup, to be jointly hosted by Australia and New Zealand in 2023.
The opening match and opening ceremony for the first-ever co-hosted women’s tournament will take place on 20 July 2023 at New Zealand’s Eden Park in Auckland/Tāmaki Makaurau. Stadium Australia in Sydney/Gadigal has been selected to host the final a month later on 20 August. The tournament will be played in nine Host Cities at ten stadiums across Australia and New Zealand. Group A’s opening match at Eden Park will see New Zealand’s Football Ferns take to the pitch, before Australia’s Matildas enter the tournament in Group B at the Sydney Football Stadium. The host countries will split the remaining group-stage fixtures, with New Zealand hosting five further matches in Auckland/Tāmaki Makaurau, seven in Wellington/Te Whanganui-a-Tara, six in Dunedin/Ōtepoti and five in Hamilton/Kirikiriroa. Australia will host six group-stage fixtures at the Sydney Football Stadium, with Perth/Boorloo and Brisbane/Meaanjin both hosting five and a further four each taking place in Melbourne/Naarm and Adelaide/Tarntanya. The round-of-16 matches will take place from 5-8 August, with Stadium Australia hosting its first match of the tournament. A further five will take place in Australia and the remaining two matches will be played in New Zealand (Auckland/Tāmaki Makaurau and Wellington/Te Whanganui-a-Tara). The quarter-finals are split between the two hosts, with matches in Auckland/Tāmaki Makaurau, Brisbane/Meeanjin, Wellington/Te Whanganui-a-Tara and Stadium Australia in Sydney/Gadigal. Both Australia and New Zealand will also host one semi-final each at Stadium Australia and Eden Park respectively, while the match for third place will take place at Brisbane Stadium, Australia. Speaking about the announcement of the match schedule FIFA Secretary General Fatma Samoura said: “The ninth edition of the FIFA Women’s World Cup, with 32 teams competing in 64 matches hosted by Australia and New Zealand, will be extremely special. The announcement of the eagerly awaited match schedule today adds to the excitement around the tournament and we are looking forward to seeing the nine Host Cities and ten stadiums that will set the stage for women’s football to go Beyond Greatness.” Australia’s Minister for Sport Richard Colbeck said momentum was building as the countdown to the FIFA Women’s World Cup 2023 continues. “The tournament will embody the nation’s passion for women’s football and provide Australians with the opportunity to watch, and be inspired by, the best footballers in the world,” said Colbeck. “It is a great privilege for Australia to host 35 matches, including the final – a sporting showcase that will reinforce our growing reputation as a major events host.” New Zealand’s Minister for Sport and Recreation Grant Robertson said New Zealanders were thrilled to be hosting 24 group matches and five knockout matches. “Gaining an equal share of the group-stage matches with Australia is really exciting for Aotearoa and will ensure more of our sports-mad nation can enjoy this once-in-a-lifetime event in our backyard. Kiwi fans right across the country will have the opportunity to watch the Football Ferns perform on the world stage.” The pairings and kick-off times for each fixture will be available after the draw, which will be confirmed at a later stage. Further information on the FIFA Women’s World Cup Australia and New Zealand can be found here.
Match Group Inc. said it will pay $441 million to resolve a hard-fought legal battle with Tinder’s founders over the valuation of the mobile dating app, ending a nearly month-long trial just before it went to the jury.
Match announced the settlement on Wednesday morning, a day before the parties were to give closing statements in the trial over a lawsuit brought by Tinder founder Sean Rad and other early executives and employees against Match and its controlling investor,
IAC/Interactive Corp.
(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)
Winnipeg Blue Bombers quarterback Zach Collaros (8) looks to pass against the Saskatchewan Roughriders in the second half during the 2019 CFL Western Conference Final football game at Mosaic Stadium in Regina on Nov. 17, 2019. The Bombers won 20-13 to advance to the Grey Cup.Photo by Sergei Belski /USA TODAY Sports
Article content
It couldn’t have been drawn up any better if Cal Murphy and Ron Lancaster had dreamed it up it while sharing a cold one at a bar inside the Pearly Gates.
Advertisement
Article content
It’s the Labour Day Classic on legal steroids. The Banjo Bowl with a full band – plugged in.
The first December playoff game in the prairie history of three-down football will feature the Winnipeg Blue Bombers and Saskatchewan Roughriders.
It’s the CFL’s most bitter rivalry, one that’s already produced a brawl and ejections this season.
It’s also a rematch of the last West Final, a teeth-chattering, fingernail-chewing classic that had stomachs churning and left Bomber lineman Jermarcus Hardrick calling it the craziest game of his football career: “And it’s not even close.”
The way ticket sales are going, it could be a full house, too.
“It was a long week, waiting around to see who we were going to play,” Bombers quarterback Zach Collaros said, Tuesday. “It’s going to be an amazing atmosphere. It feels like we haven’t played at home in a long time. Playing in front of these fans in this province has been amazing. You really feel the energy as soon as you step onto the field. Not just for the game… you can feel it as you approach the stadium.”
Advertisement
Article content
That’s not all they’ll feel on Sunday.
By the time the sun sets, the mercury will likely have dipped to double-digits on the wrong side of the freezing mark.
The only thing more valuable than a tuque will be liquid antifreeze sold by the cup.
“I’m sure the Rum Hut will be rocking up there,” Collaros continued. “I don’t know what the weather’s going to be like. Hopefully pretty cold, and it’ll be a really fun one.”
It’ll only be fun for those who win.
To that end, Collaros took notes from the Riders-Stampeders semifinal on the weekend.
Not surprisingly, they lead to a familiar conclusion: don’t turn the ball over.
“In bad-weather games or games of bigger magnitude, it’s definitely more in the back of your mind,” Collaros said. “With that, though, you don’t want to hold yourself back… so there’s a fine line that you’ve got to balance. You can talk about it all you want, but you’ve got to go out there and execute and actually do it. And it starts with me on offence.”
Advertisement
Article content
While Riders quarterback Cody Fajardo somehow survived four interceptions against Calgary, the usual outcome of that kind of day at the office is the one Collaros is more familiar with.
“I think I threw four interceptions at UConn and we got killed one year,” he said, recalling his days at the University of Cincinnati.
The quarterback matchup is a juicy one, the CFL’s top passer this season in Collaros on one side, the league’s most elusive running passer in Fajardo on the other.
The intangibles are tasty, too.
While the Bombers lead the loop in enough statistical categories to choke a gopher, the Riders might be just as physical.
In this year’s Banjo Bowl, they had two players ejected after a melee just before half-time. Apparently, some bad feelings had carried over from the previous Labour Day weekend.
Advertisement
Article content
The Bombers won both of those slug-fests going away, leaving bruises in the shape of a 56-17 combined score on Gang Green.
But the visitors will hit town on the high that comes with a playoff win, while the first-place hosts won’t have played a game that means anything in a month.
That doesn’t mean they spent the bye week in pajamas.
“There’s different ways you can approach the bye,” Collaros said. “We chose that we’re all going to be in here. Use this time to get better. It’s a veteran team. It’s the culture. It’s the standard that’s been set here.”
That standard produced 15 West Division all-stars, something the Riders, who had just two, will likely chew on as grist for their own mill.
Not that nobody in blue and gold carries a chip on their shoulders.
Advertisement
Article content
Being the defending Grey Cup champs hasn’t dulled the edges of players like linebacker Adam Bighill, the West finalist for the top defensive player of the year.
You’ll find the same fire in Collaros, the Most Outstanding Player Award finalist who admits he’s never really satisfied.
“He demands a lot out of his teammates, and that has rubbed off on a lot of people,” offensive coordinator Buck Pierce said. “He’s a fiery guy but does it in a good way.”
Collaros has said he was never more fired up than he was for the 2019 West Final against the team that gave up on him after a season-opening concussion that season.
His revenge that day: a 20-13 win.
“I don’t think those feelings will ever go away,” the quarterback said. “And if you can’t get up for one of these games then you shouldn’t be playing.”
Kindly Cal and the Little General would drink to that.
