Starboard Value LP, which holds approximately 6.6% of the outstanding common shares of online dating service company Match Group, Inc. (MTCH), announced Tuesday it sent a letter to the Company\'s Chief Executive Officer, President & Chief Financial Officer, and Board of Directors regarding actionable opportunities for enhancing shareholder value.
In addition, the letter lays out Starboard\'s view that Match should explore a sale in the event the Company\'s leadership is unable to execute on the prescribed value-enhancing initiatives.