REUTERS - Match Group has appointed Darrell Cavens, co-founder of Zulily, to its board amid rising tensions with activist investor Anson Funds, which recently nominated three directors of its own. Match says Cavens brings digital commerce and tech innovation expertise, aligning with its strategy for board refreshment. Anson, pushing for cost cuts and a review of Match's Asia business, criticized the move as reinforcing insider ties, noting CEO Spencer Rascoff previously served on Zulily's board. Match, whose valuation has dropped from $40B to $7.2B, does not support Anson's nominees.
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