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Dating app Bumble in $1 billion takeover talks, report says
The deal would end Bumble’s public run as the company works to reverse falling paying users and weaker revenue.
- On Monday, Bumble entered advanced talks to be taken private by Ithaca Holdings in a deal valuing the Austin-based dating app operator at roughly $1 billion.
- The company has struggled amid slowing user engagement in a crowded market, with a market valuation of roughly $389 million as of Friday's close.
- Bumble stock surged 50% to $3.81 on Monday with more than 17.7 million shares trading, though shares remain about 91% below the $43 IPO price from February 2021.
- CEO Whitney Wolfe Herd is overhauling the app with AI-powered features to revive growth, while board approval, Blackstone Inc.'s position, and financing terms remain key hurdles.
- A deal could arrive as soon as this week, though Bumble and Ithaca Holdings have not immediately responded to requests for comment.
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32 Articles
32 Articles
Falling user numbers, weaker sales, tough competition: now Bumble is negotiating a privatisation that could take place in just a few days.
·Berlin, Germany
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Bumble reportedly in talks to go private at a valuation of about $1bn
Ithaca Holdings is in advanced talks to buy Bumble and take the dating app private, in a deal that would value it at about $1 billion. Reuters reported the talks, citing one source familiar with the matter. We have not independently confirmed the report, and neither company replied when Reuters asked for comment. Investors moved fast, […] This story continues at The Next Web
·Amsterdam, Netherlands (Kingdom of the)
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SHARES of dating app Bumble surged nearly 50% on news it was in talks to sell to a tech holding company.
·Zagreb, Croatia
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Coverage Details
Total News Sources32
Leaning Left2Leaning Right3Center7Last UpdatedBias Distribution58% Center
Bias Distribution
- 58% of the sources are Center
58% Center
L 17%
C 58%
R 25%
Factuality
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