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On October 11th, 2019, IAC (IAC) announced in an SEC filing that it has brought a proposal to the board of Match Group (MTCH) to separate IAC's ~80% equity interest in the company. Since discussions appear to be at a preliminary stage, there is not yet a timetable for the transaction to be completed. In the filing, IAC made it clear that the transaction would be tax-free for both IAC and MTCH shareholders.
Why the Spin-Off?
In an interview with Forbes a few weeks ago, IAC Chairman and Senior Executive Barry Diller spoke at