Why Investors Love the IAC and Match Group Breakup

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Why Investors Love the IAC and Match Group Breakup

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.