Match Group Inc. has settled a lawsuit filed by a group of founders and executives of the Tinder dating app that had alleged the company undervalued Tinder to cheat them out of billions of dollars.
Match said in a regulatory filing Wednesday it agreed to pay $441 million to the plaintiffs in the lawsuit, which was filed three years ago. The plaintiffs, including Tinder co-founders Sean Rad, Justin Mateen and Jonathan Badeen, had alleged that Match and IAC/InterActiveCorp . cheated them out of as much as $2 billion by manipulating financial information to undermine Tinder’s valuation.
