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Bumble 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.

techcrunch.com · 2026-10-13

Bumble 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.

bbc.co.uk · 2026-10-13