The Match Group Appoints Gary Swidler As Chief Financial Officer

Aug 20, 2015, 16:30 ET from IAC

NEW YORK, Aug. 20, 2015 /PRNewswire/ -- The Match Group, a subsidiary of IAC (NASDAQ: IACI), announced today that Gary Swidler will join The Match Group as Chief Financial Officer. Mr. Swidler is being appointed to this newly created group position in anticipation of The Match Group's previously announced initial public offering (IPO). 

Mr. Swidler joins The Match Group from Bank of America Merrill Lynch. Mr. Swidler has been an executive at Bank of America Merrill Lynch and its predecessors for nearly 18 years in various capacities. Most recently, he served as a Managing Director where he led the Financial Institutions Investment Banking Group.

"Gary brings a wealth of experience, especially in terms of the public markets and complex transactions, as well as top leadership skills and strategic acumen," said Sam Yagan, CEO of The Match Group. "I look forward to working with him and the myriad contributions I know he will make at The Match Group."

"I've known Gary for 20 years and his intellect and character are top notch," said Greg Blatt, Chairman of The Match Group. "I look forward to working with Gary through the IPO and beyond."

"I am very excited to join The Match Group," said Mr. Swidler. "It is a company with great market leadership, stellar growth prospects, an upcoming IPO and a team with great strategic vision."

Mr. Swidler is expected to begin in September.

Prior to joining Merrill Lynch & Company in 1997, Mr. Swidler was previously an associate at the law firm of Wachtell, Lipton, Rosen & Katz. Mr. Swidler graduated with a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania and from New York University School of Law. He resides in New York City with his wife and two children.

About IAC

IAC (NASDAQ: IACI) is a leading media and Internet company. It is organized into four segments: The Match Group, which consists of dating, education and fitness businesses with brands such as Match, OkCupid, Tinder, The Princeton Review and DailyBurn; Search & Applications, which includes brands such as About.com, Ask.com, Dictionary.com and Investopedia; Media, which consists of businesses such as Vimeo, Electus, The Daily Beast and CollegeHumor; and eCommerce, which includes HomeAdvisor and ShoeBuy. IAC's brands and products are among the most recognized in the world reaching users in over 200 countries. The Company is headquartered in New York City and has offices worldwide. To view a full list of IAC companies, please visit www.iac.com.

About The Match Group

The Match Group is the world's leading provider of dating products, redefining the way millions of people meet, date and start relationships every day. We offer our products under nearly 50 brands, translated into nearly 40 languages and available in more than 200 countries across five continents. Our principal brands include Match, Tinder, Meetic, OkCupid and OurTime. We generate revenues through a combination of subscription, transaction and advertising models, distributed through desktop and mobile devices. Each product within our portfolio caters to different communities defined by geography, demographics and relationship sensibility. More than 7 million people sign up for our products every month. The Match Group also operates The Princeton Review, a leading provider of tutoring and test preparation services. For more information please visit www.iac.com.

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IAC Investor Relations Mark Schneider / Alexandra Caffrey (212) 314-7400

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SOURCE IAC



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