Company: MTCH
Filing Date: 2025-04-16
Form Type: PREC14A
Source: 0000902664-25-001820
Chunk: 9

Company: Match Group, Inc.
Filing Date: 2025-04-16
Form: PREC14A
Chunk 9
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. In addition, on July 31, 2024, during the Company’s earnings call, the Company announced its decision to sunset its Hakuna
asset, which belonged to the MG Asia segment, as well as a 6% net reduction in workforce.

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1Crystal Tse & Natalie Lung, Match Group Attracts Second Activist, Anson Funds, Bloomberg(March 14, 2024), https://www.bloomberg.com/news/articles/2024-03-14/match-group-is-said-to-attract-to-second-activist-anson-funds

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On August 6, 2024, Mr. Gupta met virtually with
representatives of the Company to discuss general diligence topics.

On August 19, 2024, Mr. Gupta met with Mr. Kim
and current-Chief Financial Officer Steven Bailey (“Mr. Bailey”) at the Company’s Tinder offices in West Hollywood,
California; Mr. Swidler joined the meeting virtually. Mr. Gupta acknowledged the Company’s recent steps towards optimizing the cost
structure and portfolio, but noted that given the Company’s continued underperformance, additional steps would be necessary to close
the Company’s persistent valuation discount in his opinion. Mr. Gupta reiterated Anson Funds’ commitment to privately engage
with the Board should the Company become interested in taking meaningful steps towards addressing its long-term underperformance and subpar
governance practices.

On November 6, 2024, the Company reported Q3
2024 financial results and issued Q4 2024 guidance below expectations; the Company’s shares declined 17.9% during the subsequent
trading session.

On November 11, 2024, Mr. Gupta met with representatives
of the Company to discuss Anson Funds’ recommendations for the Company’s upcoming Investor Day, as well as general diligence
topics. Mr. Gupta subsequently requested a meeting with Mr. McInerney, which the Company acknowledged but did not grant.

On November 19, 2024, Mr. Gupta met virtually
with Messrs. Kim, Swidler and Bailey to discuss Anson Funds’ recommendations for the Company’s upcoming Investor Day in greater
detail. In addition, Mr. Gupta stressed the importance of demonstrating the strategic fit of assets within MG Asia if the Company desires
to retain ownership of such assets.

On December 11, 2024, the Company hosted an
Investor Day event in New York City and provided long