GoKawiilBumble to go private in $1.3 billion deal with Ithaca Holdings
Bumble announced a $1.3 billion acquisition agreement with Ithaca Holdings that would take the dating app private. The deal follows a strategic review by an independent board committee, with founder Whitney Wolfe Herd abstaining from the vote but planning to stay involved alongside Ithaca executives Ravi Gupta and John Hegeman. Bumble's latest quarter showed revenue down 15.2% year over year to $211 million and paying users down 16.4% to about 3.2 million.
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The sale marks a steep reversal for a company valued near $14 billion at its 2021 IPO, reflecting broader struggles across swipe-based dating apps. Going private could give Bumble room to experiment with product changes, including AI-driven features, without quarterly pressure from public investors, though whether that reverses its user decline remains to be seen.
- Bumble agreed to be acquired by Ithaca Holdings for $1.3 billion.
- Revenue and paying users both fell sharply in the most recent quarter.
- Founder Whitney Wolfe Herd will stay involved but did not vote on the deal.
Source: techcrunch.com — Lauren Forristal, 2026-10-13
Published there as: “Bumble agrees to a $1.3B acquisition deal as online dating faces a reset”
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