Bumble in advanced talks to be taken private in a $1 billion deal
+2 new sources since this summary was written
Bumble Inc. is in advanced negotiations with Ithaca Holdings to be acquired for roughly $1 billion, a valuation that far exceeds its current market cap. The news sent the stock up about 46‑50%, trading near $3.80 per share. The transaction could be announced as early as this week, pending board approval and financing. Founder and CEO Whitney Wolfe Herd is expected to roll part of her equity into the deal and remain involved.
Why it matters
The reported premium offers a sizable upside for shareholders, but the deal is still at the talk stage and not guaranteed. Investors should watch for board approval and financing terms, which will determine whether the upside materialises.
Key facts
- 1The prospective transaction is valued at approximately $1 billion. investing.com
- 2Bumble shares surged 46.46% to $3.72 in Monday afternoon trading. tradingview.com
- 3The stock later traded near $3.80, up about 49.53% from the prior close of $2.54. en.cryptonomist.ch
- 4Bumble’s market value is near $485 million. tradingview.com
- 5Blackstone Inc. owned about 22% of Bumble at the time of reporting. tradingview.com
- 6The deal could be announced as soon as this week, according to the Wall Street Journal. tradingview.com
Open questions
- Material 5 reports Blackstone will retain about 14% of the company, while material 8 states Blackstone owned about 22%.
Summary written by AlphAI AI Desk from 11 of 11 sources. Not investment advice. Figures are as stated by the linked sources.