Activist Commentary: Starboard is a very successful activist investor and has extensive experience helping companies focus on operational efficiency and margin improvement.
On July 15, Starboard sent a letter to Match highlighting various opportunities to improve operations, financial results and capital allocation.
Match's EBITDA margin of 36% may be high for an average company, but it's low for a company like Match.
Starboard thinks that this is a highly valuable asset that may be well-suited to operate as a private company.
Starboard is not the first activist to launch a public campaign at Match.
Persons:
Russell, Bernard Kim's, Jeff Smith, Thomas McInerney, Smith, Elliott, Ken Squire
Organizations:
IAC, Altaba, Yahoo, Elliott Management, Anson, 13D