FORTUNE – Dec 19 – Shares of IAC finished the day up 7%, trading at $237.54. Match Group shares also spiked 7%, closing at $76.76. IAC owns an 80.4% stake in Match, according to a June regulatory filing. Ivan Feinseth, chief investment officer and director of research at Tigress Financial Partners, says Match had simply outgrown the relationship.
by Alyssa Newcomb
See full article at Fortune