Bumble to be taken private in $1.3 billion Ithaca Holdings acquisition
+1 new source since this summary was written
Bumble agreed to an all‑cash acquisition by Ithaca Holdings for $1.3 billion, valuing each Class A share at $6.05. The price represents a 138% premium to Bumble's unaffected closing price on Oct. 9, 2026, and a 119% premium to the 30‑day VWAP. The deal will make Bumble a private company, with Ithaca co‑founders Ravi Gupta and John Hegeman becoming co‑CEOs while founder Whitney Wolfe Herd remains involved. Bumble's Q2 2026 revenue fell about 15% year‑over‑year to roughly $210 million and paying users dropped 16.4% to 3.2 million.
Why it matters
Shareholders will receive cash at $6.05 per share, delivering a sharp short‑term lift after a steep valuation decline. The transaction removes Bumble from public markets, giving the new owners flexibility to restructure without quarterly public scrutiny.
Key facts
- 1Ithaca Holdings will acquire Bumble for $1.3 billion in cash, or $6.05 per Class A share. eu.36kr.com
- 2The offer represents a 138% premium to Bumble's unaffected closing price on Oct. 9, 2026. eu.36kr.com
- 3The market capitalization of Bumble at the time of the announcement was $785 million. eu.36kr.com
- 4Bumble's Q2 2026 revenue declined 15.2% year‑over‑year to $210.5 million. finance.yahoo.com
- 5Total paying users fell 16.4% to 3.2 million in Q2 2026. finance.yahoo.com
- 6Ravi Gupta and John Hegeman, co‑CEOs of Ithaca, will serve as co‑CEOs of Bumble after the transaction closes. eu.36kr.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.