Forget stumbling across your perfect match on a dating app by chance. Thanks to a new Bumble feature, you can look them up directly—as long as you know their username.
Bumble (BMBL) shares charged explosively to the upside after the dating-app operator agreed to an all-cash acquisition by Ithaca Holdings. The transaction values BMBL at “$1.3 billion” and offers shareholders $6.05 per share.
Bumble Inc (NASDAQ:BMBL), the dating app company founded by Whitney Wolfe Herd, is set to leave public markets after agreeing to a $1.3 billion takeover by technology holding company Ithaca Holdings. The deal will see shareholders receive $6.05 a share in cash, representing a 138% premium to Bumble's closing share price on 9 October, before the announcement.
Mixed sentiment is driving markets in both directions today , with the Dow Jones Industrial Average (DJI) as much as nearly 500 points higher this morning.
Bumble (NASDAQ:BMBL) stock is up 56% to $5.94 in morning trading after the dating-app operator agreed to be taken private by Ithaca Holdings, an unlisted buyer.
Bumble is getting a new owner. The dating app announced Tuesday that it has agreed to a $1.3 billion acquisition deal with Ithaca Holdings, marking a major shift for a company that once looked like one of the biggest success stories in online dating.
Bumble will go private after being acquired by Ithaca Holdings.
Bumble has spent the past few years trying everything from a new CEO to AI-powered matches.
Bumble to go private in $1.3 billion deal
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
Ithaca Holdings, a firm launched by a Sequoia partner and a former Meta executive, could reach a deal to take Bumble private as soon as this week.
In the latest trading session, Bumble Inc. (BMBL) closed at $2.51, marking a -1.57% move from the previous day.