Company: MTCH
Filing Date: 2025-04-16
Form Type: PREC14A
Source: 0000902664-25-001820
Chunk: 4

Company: Match Group, Inc.
Filing Date: 2025-04-16
Form: PREC14A
Chunk 4
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| BACKGROUND OF THE SOLICITATION |

The summary below details the significant communication and interactions between Anson Funds and the Company:

On February 2, 2024, Sagar Gupta (“Mr.
Gupta”), Portfolio Manager and Head of Active Engagement at Anson Funds, contacted the Company to initiate private engagement following
a meaningful purchase of the Company’s shares within Anson Funds’ active engagement portfolio.

On February 8, 2024, Mr. Gupta met virtually
with the Company’s investor relations team.

On February 13, 2024, Mr. Gupta met virtually
with the Company’s then-President and Chief Financial Officer, Gary Swidler (“Mr. Swidler”). Mr. Gupta discussed Anson
Funds, its active engagement strategy, his long-term familiarity with the Company (having been a stockholder at a prior investment firm)
and Anson Funds’ desire to constructively engage with the Company for the betterment of all Match Group stockholders. Mr. Gupta
made certain recommendations regarding the Company’s operations, strategy and investor communications, including a refinement of
the Company’s corporate strategy to adopt a portfolio-based approach, cost optimizations including infrastructure consolidation,
product pricing strategies, strategic alternatives for certain Match Group Asia (“MG Asia”) assets and hosting an Investor
Day event. Mr. Gupta requested subsequent meetings with then-CEO Bernard Kim (“Mr. Kim”) to further discuss operations and
strategy, as well as with the Board to discuss corporate governance, including matters related to executive compensation.

Between February 15 and 19, 2024, Company representatives
offered meetings with human resources and legal executives, as well as Mr. Swidler, to discuss Mr. Gupta’s corporate governance
concerns in lieu of a meeting with Mr. Kim or any independent members of the Board. While Mr. Gupta remained open to meeting these executives,
Mr. Gupta expressed concern regarding the appropriateness of these channels given the topics at hand, including executive compensation,
as well as the defensive nature of the Company’s engagement with Anson Funds.

On February 23, 2024, Mr. Gupta met with Mr.
Kim at the Company’s Tinder offices in West Hollywood, California. Mr. Gupta highlighted the absolute and relative underperformance
of the Company’s total stockholder returns and discounted valuation in light of the Company’s shares declining nearly 70%
since Match Group separated from IAC Inc. Mr. Gupta proceeded to provide detailed recommendations regarding the use of artificial intelligence
(“AI