On July 16, 2024, Starboard Value LP announced that it has sent a letter to Match Group Inc?s CEO, President & Chief Financial Officer, and Board of Directors regarding actionable opportunities for enhancing shareholder value, and the letter lays out its view that the Company should explore a sale in the event the Company?s leadership is unable to execute on the prescribed value-enhancing initiatives. In addition, Starboard Value outlined the opportunity for the Company to generate $5.50+ of free cash flow per share in 2026 and create significant shareholder value, but urged the Company board to remain open to strategic alternatives if a turnaround proves challenging.