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COMING UP:Share Opener Variant 3

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Transcript

00:00:00
>> A group of founders, executives and early employees of Tinder are suing their parent company. Claiming Barry Diller's IAC InterActiveCorp deliberately undervalued the popular dating app to avoid paying them billions of dollars. A lawsuit filed in state supreme court in Manhattan stated that IAC and its subsidiary Match Group prevented the plaintiffs from cashing in stock options they could exercise and sell to IAC.
00:00:26
They're seeking damages of no less than $2 billion. IAC owns 80% of Match, which owns Tinder. IAC did not immediately respond to a request for comment.