Match Group, Google Reach Binding Term Sheet in Legal Battle

Match Group and Alphabet-unit Google reached a binding term sheet for a settlement regarding their claims against each other in their legal battle.

The online dating company said in a letter to shareholders that $40 million placed in escrow will be returned to Match and no other amount will be owed by the Match plaintiffs to Google. The parties agreed that by March 31, Match’s apps, which include Tinder and Hinge, will implement Google’s user choice billing.