Bumble agrees to a $1.3B acquisition deal
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Bumble is set to go private. Founder Whitney Wolfe Herd is not leaving the company behind.
Austin-based dating app Bumble Inc. is being acquired by an investment firm in a $1.3 billion deal that will take the company private.
Bumble is breaking up with the Nasdaq. According to a report from Reuters, the floundering dating app has accepted a $1.3 billion bid from Ithaca Holdings to go private, taking the company off the market as it and its many rivals struggle to figure out how to get Gen Zers and Gen Alpha to care about dating again.
Bumble surged nearly 50% in a single session on a report that the dating app could go private at a fraction of its 2021 launch valuation, but the deal structure leaves shareholders guessing whether they stand to gain anything at all.
Austin-based Bumble, one of the world's largest dating app companies, is reportedly in advanced talks to go private in a deal that would value the 12-year-old company at around $1 billion
Bumble, the Austin-based dating app founded by Whitney Wolfe Herd, is reportedly in advanced talks to go private in a deal valuing the company at around $1 billion, according to The Wall Street Journal,
The dating app wants users to take meet-cutes into their own hands with searchable usernames called 'Handles.'