TECH CRUNCH – Oct 11 – IAC has taken the next step toward spinning off Match Group, with a proposal outlining what that process would look like. Match Group is already a publicly-traded company, but IAC remains the majority owner. With the spinoff, IAC says it should distribute its Match Group shares to IAC stockholders, "resulting in two independent public companies." Under the proposal, Match Group's dual-class stock structure would be eliminated, creating a single class of stock.
