Match Group Completes Separation From IAC

TECH CRUNCH - July 2 - Previously, Match Group was a publicly-traded company, with digital holding company IAC as its majority shareholder. Last year, the companies announced a plan that would see IAC's ownership of Match distributed to IAC's shareholders - a plan that is now completed. The separation also involves a leadership change, with Mark Stein and Gregg Winiarski stepping down from the Match Group board. The company has four new board members: ExecOnline CEO Stephen Bailey, the NBA's executive president for digital media Melissa Brenner, investor and entrepreneur Wendi Murdoch and actor Ryan Reynolds. Shar Dubey will continue to serve as Match Group's CEO, a position she took at the beginning of this year, while Joey Levin remains a both IAC's CEO and Match Group's executive chairman.