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News about Bumble
3 stories tagged with this keyword.
- What a $1.3 Billion Bumble Deal Says About Where AI Leaves Human Connection
- Bumble Soars 56% as Ithaca Holdings Agrees to Take It Private at $6.05 a Share; Match Group Advances 2%
Bumble shares rose 56% to $5.94 in morning trading after Ithaca Holdings agreed to take the dating app private in an all-cash deal valuing it at $1.3 billion. Ithaca is offering $6.05 per share, a 122.4% premium to the close before Bumble's sale exploration was first reported, and co-founders Ravi Gupta and John Hegeman will become co-CEOs after closing. Blackstone and founder Whitney Wolfe Herd have provided the shareholder approval the deal requires, so the outcome now rests mainly on closing conditions. The article notes Bumble's paying users have been shrinking and quarterly revenue has fallen for nearly two years, while rival Match Group, which owns Tinder and Hinge, rose 2% to $42.32.
- Bumble Stock Rallies 49%. Can a Take-Private Deal Save the Dating App?
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