GoKawiilBumble shares jump 50% on report of $1bn Ithaca takeover talks
Bumble's stock surged nearly 50% on Monday following a Wall Street Journal report that technology holding company Ithaca is in advanced talks to buy the dating app for about $1bn, with a deal possibly announced this week. The rally still leaves Bumble's market value around $580m, far below the $14bn it hit after its 2021 Nasdaq listing. Both companies have been contacted for comment.
GoKawiil's interpretation of the reporting above, not reported fact.
The reported deal highlights how far Bumble has fallen from its IPO-era valuation amid slowing growth across the dating app sector. Bumble's recent workforce cuts and its reversal of the women-message-first feature suggest the company has been searching for ways to reignite engagement, which could explain why a sale is now being considered. Rival Match Group's similar share declines and an Ofcom finding that UK adults are spending less time on dating apps point to a broader industry downturn that may be driving consolidation.
- Bumble shares rose almost 50% after reports of $1bn takeover talks with Ithaca.
- Bumble's current valuation (~$580m) remains far below its post-IPO peak of over $14bn.
- The dating app industry broadly faces declining engagement, cited by Bumble's job cuts and Match Group's falling shares.
Source: bbc.co.uk — Watch Our Pick Of Standout Clips Across The Bbc, 2026-10-13
Published there as: “Bumble shares soar after report dating firm in $1bn takeover talks”
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