8/102 sources · 2 publishersUpdated Oct 13, 08:16 UTC
Bumble enters advanced talks to be taken private by Ithaca Holdings for about $1 billion
Bumble (BMBL) is in advanced negotiations with Ithaca Holdings to be acquired for roughly $1 billion, far below its 2021 IPO valuation. The news sent the stock sharply higher, with gains reported around 50‑52% on the day of the announcement. Bumble’s second‑quarter sales fell 15.2% year‑over‑year and adjusted operating profit dropped to $72.9 million from $94.6 million a year earlier.
Why it matters
The reported takeover would take Bumble private, ending its public listing and potentially delivering a sizable premium to shareholders, as reflected by the 50‑52% share price jump.
Key facts
- 1Ithaca Holdings is the reported buyer in the $1 billion acquisition discussion. finance.yahoo.com
- 2The proposed purchase price is about $1 billion. finance.yahoo.com
- 3Bumble’s second‑quarter sales declined 15.2% year‑over‑year. finance.yahoo.com
- 4Adjusted operating profit fell to $72.9 million from $94.6 million a year earlier. finance.yahoo.com
- 5Shares closed at $3.80 on the day of the report. marketscreener.com
Open questions
- Share price increase reported as 52% versus 50%.
- Market cap cited as $335 million versus $389 million.
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.