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IAC has asked the board of Match Group—which also owns Hinge and OkCupid—to let it spin its 80.5 per cent stake in Match off to IAC shareholders, thereby separating it from its other businesses. (The Logic)

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Talking point: In August, IAC said it would spin off Match and Angi Homeservices, which owns HomeAdvisor and Angie’s List. The latter is on hold until the Match sale goes through. Match has a US$21-billion market cap, so a sale would bring in significant cash for the American holding company. It could use that influx to revive Angi, whose shares are down 56 per cent this year, and boost recent acquisitions Turo, a car-sharing firm, and Fixd Repair, a home-warranty firm. There are, however, a number of potential complications for the sale. One of Tinder’s co-founders is suing IAC for allegedly undervaluing Tinder’s growth potential.

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There have been 22 short-selling campaigns against Canadian companies in the last year. Spruce Point Capital Management—whose claims that Dollarama was overvalued caused a temporary drop in the stock in October 2018—is planning to increase its activity in the country. (Financial Post)

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Talking point: Ben Axler, Spruce Point’s founder, said the smaller number of analysts and stocks makes Canada a good market for activism. In the most high-profile recent case, Shopify was the target of critical reports from short-seller Citron Research in March 2018 and October 2017, but the stock has more than recovered from the small drops it suffered at those times.

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Dandelion’s environmentally-friendly heating and cooling system, which operates beneath homes, aims to cut customers’ electricity bills in half. The company raised the money from Google’s venture arm and Comcast Ventures. The announcement comes the same morning that Makani, another project from Alphabet’s X lab that creates wind power-generating kites, announced its spinoff and a minority investment from Shell. (VentureBeat)

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Talking point: X lab—best known for incubating Waymo—is Alphabet’s way of entering new industries with moonshot ideas. The lab is responsible for creating Alphabet’s healthcare play Verily, Google Glass and Chronicle, which provides cybersecurity for enterprises. It’s not afraid to spend to keep experimenting; in Q4 2018, it reported over US-$1.3 billion in operating losses for its “Other Bets” category, which includes X lab projects.

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Malta Inc., a spinoff of Alphabet X moonshot lab’s energy-storage project, has raised US$26 million led by Breakthrough Energy Ventures LLC. (Bloomberg)

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Talking point: Breakthrough Energy Ventures is a fund that includes billionaire investors such as Amazon’s Jeff Bezos, SoftBank’s Masayoshi Son, Bloomberg LP’s Michael Bloomberg and former Bridgewater Associates CEO Ray Dalio. Bill Gates is the fund’s chairman. The newly independent company will use the funding to continue its development of a system that stores electricity generated from sources including solar or wind in large vats of molten salt and cooler liquid. The startup will likely require additional rounds of funding to build a full facility for the technology, according to CEO Ramya Swaminathan.

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After 14 years, Ginsberg is leaving the parent company of dating sites including Tinder, Hinge and OkCupid. Ginsberg told employees in an internal email Tuesday that her decision was mostly personal, citing health issues and the aftermath of a tornado that destroyed her home in October 2019. (The Wall Street Journal, Axios)

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Talking point: Current Match Group president Shar Dubey will step in as CEO in March. Dubey was previously the chief executive of Tinder, Match’s most popular property, which accounted for 5.7 million of its 9.6 million total subscribers in the third quarter of 2019. Ginsberg’s departure comes several months ahead of Match’s planned spinoff as an independent company from media and internet conglomerate IAC, and just days before it reports fourth-quarter earnings on February 5. Meanwhile, one of Tinder’s co-founders is suing IAC and Match for allegedly undervaluing Tinder’s growth potential.

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Power subsidiary Sagard Holdings is investing US$75 million in the fund, called Sagard Healthcare Royalty Partners. The firm declined to disclose who any of the other investors are. The fund will invest in biopharmaceutical firms and seek to make money off royalties from medical devices and pharmaceuticals. (The Logic)

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Talking point: This is part of a broader diversification strategy by Power that includes investments in many of the country’s most prominent fintechs. Last month, Power co-CEOs Paul Desmarais Jr. and André Desmarais announced they were stepping down, and the firm is looking at removing its subsidiary, Power Financial, from the TSX. Power will have plenty of competition in the healthtech space. In November 2019, Montreal-based Amplitude Ventures announced a $200-million fund. The federal government is also investing $20 million in the space. Sagard Healthcare Royalty Partners has made one investment so far at just US$31 million, so it’s got plenty of money still at play, and is also keeping the fund open through 2020 for any new investors that want to participate.

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Those eight movies have earned more than US$10 billion in global ticket sales. Tenth-place Star Wars: The Rise of Skywalker was released just last week, and will likely climb higher over the last eight days of the year. The other seven films are Avengers: Endgame; The Lion King; Toy Story 4; Captain Marvel; Spider-Man: Far from Home; Frozen II; and Aladdin(The Verge)

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Talking point: The blockbuster haul shows how important intellectual property and nostalgia continue to be for entertainment companies. Five of Disney’s top films are adaptations or sequels of stories originally created by acquisitions Marvel, Lucasfilm and Pixar. Two more are live-action remakes of its own early-1990s animated productions. Just one comes directly from source material from this decade: the sequel to the 2013 hit Frozen, although that, too, is loosely based on a Hans Christian Andersen story. The success of the movies, and the continued cachet of their underlying IP, are crucial to Disney’s strategy for its streaming service, the launch catalog for which was heavy on spin-offs. Rivals are still catching up. In July 2018, Netflix announced film adaptations of three comics from Millarwold, a publisher it acquired in 2017, but has yet to release them. Analysts have predicted consumers are unlikely to cancel other subscriptions in favour of Apple TV Plus because it lacks a back catalogue of hit shows and movies to watch between its handful of originals.