Bumble agrees to $1.3B acquisition by Ithaca Holdings

AI-generated briefing · First published

Bumble will be taken private in a $1.3 billion deal with Ithaca Holdings, ending its public listing amid falling users and revenue.

Bumble announced Tuesday it has agreed to a $1.3 billion acquisition by Ithaca Holdings, taking the company private after years of declining subscribers and revenue. [1] [2]

The deal values Bumble at $6.05 per share, a 138% premium to its last close before the announcement. Founder Whitney Wolfe Herd will remain involved. [1] [2]

The transaction follows a strategic review by an independent board committee. Bumble’s headquarters will stay in Austin. [1] [2]

Sources

  1. Bumble agrees to a $1.3B acquisition deal as online dating faces a reset

    TechCrunch · · Full text

  2. Bumble将被IthacaHoldings以13亿美元收购完成私有化

    Sina Finance · · Full text

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