CNBC - Starboard Value, led by Jeff Smith, has acquired a 6.5% stake in Match Group and advocates for the company to focus on product innovation and margin improvement. If CEO Bernard Kim cannot execute a successful turnaround, Starboard suggests Match should consider going private. Match shares have dropped over 80% from their 2021 highs, with multiple activists showing interest. The stock surged nearly 9% in extended trading on Monday after the Wall Street Journal reported on Starboard's stake.
by Rohan Goswami
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