Match hired two new directors earlier this week but one line sticks out like a sore thumb in the press release:
The appointments followed a constructive dialogue with Elliott Investment Management, L.P. (together with its affiliates, "Elliott"), with which the Company also entered into an information-sharing agreement to facilitate ongoing collaboration toward the Board's goal of driving sustainable value for all shareholders.
Elliot took Neilsen private in 2019 based on their belief in the value of its audience measurement capabilities. A core part of the thesis is the key data — churn, # of users, revenue retention, % of payers, etc — are not disclosed and Match has publicly announced an intimate sharing agreement.
Does anyone have any thoughts on this news or the stock in general? Cheers.
