WSJ - Aug 19 - Match Group is expected to trade at a higher multiple than the rest of IAC, particularly as it starts monetizing Tinder. IAC hasn't mentioned a spinoff but has taken steps in that direction, including creating Match Group with its own management. IAC would need to stabilize it's search-and-apps business (includes Ask.com and About.com) before leaving it on its own. If IAC proceeds with a spinoff, it won't necessarily be a smooth sailing for Match either. Revenue and subscriber growth has slowed in the past three quarters. Average revenue per subscriber has fallen for the past six. The problem: Most user growth is at OkCupid and Tinder, which are free.