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.