Bumble in advanced talks to be taken private by Ithaca Holdings for about $1 billion
Bumble Inc. is in advanced negotiations with Ithaca Holdings to be acquired in a transaction valued at roughly $1 billion. The prospective buyer is a newly formed firm led by former Instacart CFO Ravi Gupta and ex‑Meta revenue chief John Hegeman. Founder and CEO Whitney Wolfe Herd is expected to roll part of her equity into the deal and stay involved. The parties hope to announce the transaction within the week.
Why it matters
The reported price represents a near‑tripling premium to Bumble’s current market value, offering shareholders a sizable exit opportunity. If completed, the take‑private will remove Bumble from public markets and could reshape its strategic direction.
Key facts
- 1The deal is valued at approximately $1 billion. investing.com
- 2Founder and CEO Whitney Wolfe Herd is expected to roll at least part of her stake into the transaction. investing.com
- 3The parties aim to formally announce the transaction as soon as this week. investing.com
Open questions
- Share price surge percentages differ across reports.
- Current market value figures vary.
Summary written by AlphAI AI Desk from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.