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Benchmark To Take Equity Stake In Tinder; Matt Cohler To Join Tinder Board

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Tinder today announced that Matt Cohler, a General Partner of Benchmark, has joined its board of directors and that Benchmark has taken an equity stake in Tinder. Tinder is controlled by The Match Group, a subsidiary of IAC (NASDAQ: IACI).

Sean Rad, co-founder and CEO of Tinder, said, "Benchmark brings to Tinder unparalleled experience in the consumer Internet space. I'm excited about the contributions my long-time mentor Matt and the Benchmark team can make to our continued growth."

"At Benchmark we have long been admirers of the incredible company Sean and the Tinder team have built," said Mr. Cohler. "Tinder's growth and user engagement continue to be extraordinary. My partners and I are honored to join the team and get to work in helping the company realize its full opportunity."

Sam Yagan, a director of Tinder and the CEO of The Match Group, said, "Matt will complement Sean's proven product leadership and the expertise in the social and dating categories we already have on the board. I'm confident Benchmark's involvement will help Tinder achieve its huge growth potential and am excited about continuing to build out the Tinder team."

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