Match Jumps on Report of Elliott’s $1 Billion Stake in Firm (2)

Match Group Inc., the owner of Tinder and other dating platforms, saw shares rise Tuesday after a Wall Street Journal report said that Elliott Investment Management has built a stake of about $1 billion in the company.

The activist investor plans to push the online dating company to take steps to boost its stock price, the newspaper reported on Monday, citing people familiar with the matter. Elliott’s specific demands, and whether it plans to pursue nominating director candidates, couldn’t be learned, the report said.

Shares of Dallas-based Match rose 6.5% to $40.33 at 9:42 a.m. in New York.

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