Ithaca Holdings to acquire Bumble in $1.3 billion all‑cash deal at $6.05 per share
Ithaca Holdings announced an all‑cash acquisition of Bumble Inc. for $1.3 billion, offering $6.05 per share. The announcement sent Bumble’s shares up more than 100%, reaching $5.94, just below the offer price. The deal has been approved by key shareholders through written consent, and Ithaca’s co‑founders will become co‑CEOs at closing. Bumble generated roughly $255 million of free cash flow in the twelve months ended June 2026.
Why it matters
The acquisition provides Bumble shareholders with a near‑term liquidity event at a premium to recent trading levels, but the modest free‑cash‑flow base suggests limited upside beyond the $6.05 offer. Investors holding the stock should expect the price to converge to the offer price if the transaction closes.
Key facts
- 1Ithaca Holdings agreed to acquire Bumble for $1.3 billion in an all‑cash transaction. gurufocus.com
- 2The purchase price is $6.05 per Bumble share. gurufocus.com
- 3Bumble’s stock rose 134% to $5.94 within two days of the announcement. finance.yahoo.com
- 4Shareholder written consent approving the deal has been obtained, leaving about 2% upside. finance.yahoo.com
- 5Ithaca co‑founders Ravi Gupta and John Hegeman will become Bumble’s co‑CEOs at closing. finance.yahoo.com
- 6Bumble generated approximately $255 million of free cash flow in the twelve months ended June 2026. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.