Mentioned:
Bumble is officially going private.
What’s happening:
- Bumble (NASDAQ: BMBL) has agreed to be taken private by Ithaca Holdings for $6.05 USD per share
By the numbers:
- The acquisition values Bumble at roughly $1.3B USD
Why it matters:
- Bumble is one of the largest dating apps in the world with more than 3M paying users
Going deeper:
- Ithaca Holdings is co-founded by former Meta Platforms (NASDAQ: META) Chief Revenue Officer John Hegeman and Ravi Gupta who was previously the Chief Operating Officer at Instacart
- Bumble founder Whitney Wolfe Herd and Blackstone are the two largest shareholders of Bumble and have both already approved the deal by written consent
