Pairing of Match Group Inc and Bumble Could Have Chemistry Mon, 20 Nov 2017 18:07:33 +0000 At this point, I think the numbers still make a good fit — and even if there’s no long-term chemistry here, MTCH has what it takes to dominate its field. Bumble shocked a lot of venture capitalists by turning down a $450 million Match Group takeover bid over the summer. Some thought it was arrogance, others pointed at lingering bad vibes from CEO Whitney Wolfe’s time at MTCH property Tinder.
Match Group Announces Pricing of Senior Notes Offering Fri, 17 Nov 2017 21:13:00 +0000 DALLAS, Nov. 17, 2017 /PRNewswire/ -- Match Group, Inc. (MTCH) announced today that it has agreed to sell $450 million aggregate principal amount of 5.000% senior notes due 2027 (the "Notes") in a private offering (the "Offering"). The Offering is expected to close on December 4, 2017, with gross proceeds from the Offering of approximately $445.6 million. Match Group intends to use the proceeds of the Offering, together with cash on hand, to redeem its existing senior notes due 2022, and to pay accrued interest and expenses associated with the redemption.
Match Group Announces Senior Notes Offering Fri, 17 Nov 2017 12:34:00 +0000 DALLAS, Nov. 17, 2017 /PRNewswire/ -- Match Group (MTCH) announced today that it intends to commence an offering of $450 million aggregate principal amount of senior notes due 2027 (the "Notes") in a private offering (the "Offering"). The interest rate and other terms of the Notes will be determined at the time of sale. Match Group intends to use the proceeds of the Offering, together with cash on hand, to redeem its existing senior notes due 2022, and to pay accrued interest and expenses associated with the redemption. The Offering will be made only to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain non-U.S. persons in accordance with Regulation S under the Securities Act.
Tinder and Bumble: Do We Have a Match? Wed, 15 Nov 2017 22:00:00 +0000 Wall Street is back to wondering about what would happen if Tinder’s parent company, Match Group, were to bring rival app Bumble under its umbrella as well. As recent Forbes story said that Match has been in talks with Bumble about acquiring the company for over $1 billion. Earlier this year, reports indicated that Bumble had turned down a $450 million offer from Tinder.
Match Group Announces Executive Management Appointments Wed, 15 Nov 2017 21:30:00 +0000 DALLAS, Nov. 15, 2017 /PRNewswire/ -- Match Group (MTCH) today announced a series of internal leadership appointments to coincide with Mandy Ginsberg's planned assumption of the Company's CEO role by January 1, 2018. Elie Seidman, currently CEO of OkCupid, will become Tinder's new CEO, reporting into Ms. Ginsberg. Amarnath Thombre, currently Chief Strategy Officer at Match Group, will become CEO of Match Group Americas, where he will oversee Match, Match Affinity Brands, PlentyOfFish, OkCupid and Match's Latin America businesses, reporting into Ms. Ginsberg.
3 Media Stocks That Could Get Bought Out Next Wed, 15 Nov 2017 17:30:54 +0000 Takeover talk has been in the air recently, as a report surfaced indicating that Walt Disney Co (NYSE:DIS) was considering making a bid for the majority of Twenty-First Century Fox (NASDAQ:FOX, NASDAQ:FOXA). Don’t fall over in amazement just yet, though — Fox News and its affiliates were not expected to be part of the deal. Instead, DIS was focused on the movie studio and entertainment division before the deal died.
Match Group is still in talks to acquire Bumble with a valuation over $1B Tue, 14 Nov 2017 17:55:39 +0000 In August we reported from our sources that Match Group made an offer to acquire Bumble for $450M. Bumble declined the offer, and at the time a source close to the company suggested to TechCrunch that Bumble was actually valued at $1 billion. Bumble declined to comment.
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Disclaimer The stock selections in our stock investing and stock trading database are not stock recommendations, but simply represent applications of a stock investing process. All materials, including our Top Stock Picks, are provided for information purposes only and should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security. Growth Stock Analytics, LLC is not responsible for gains/losses that may result in investing or trading in these securities. All information is believed to be obtained from reliable sources, but there is no guarantee that the information supplied is accurate, complete or timely. There is no guarantee or warranty with regard to the results obtained from its use. There is no guarantee of suitability or potential value of any particular investment or information source. You acknowledge that your requests for this information are unsolicited and shall neither constitute nor be considered investment advice. Past investing performance is not an indication of future performance results. Investing and trading in stocks is risky. Investors are encouraged to consult a registered stock broker or investment adviser before making any investing decisions. The interpretations and opinions expressed herein are solely those of Growth Stock Analytics, LLC, and not of any other individual or organization.