Match Group Inc. Chairman and CEO Greg Blatt will become Tinder CEO as well, the dating company said late Thursday. Tinder's co-founder and current CEO, Sean Rad, was tapped to lead Swipe Ventures, which will "seek to expand Tinder's footprint through acquisitions, development of new businesses and investments in new and existing businesses," the Los Angeles-based company said in a statement. Match Group's brands include online dating sites Match and OkCupid, among others, and it also operates test preparation and tutoring company The Princeton Review. Shares of Match were flat in late trading after ending the regular session up 1%. Rad was ousted as Tinder CEO in 2015 following a sexual harassment lawsuit, but returned to the helm in August 2015. Shortly before Match's IPO in November 2015, he gave a controversial interview to a British tabloid about his dating life.
Copyright © 2016 MarketWatch, Inc.