8/104 sources · 4 publishersUpdated Oct 13, 18:09 UTC
Ithaca Holdings to acquire Bumble for $1.3 billion, taking the dating app private
Ithaca Holdings agreed to buy Bumble for $1.3 billion, or $6.05 per share, and the transaction was approved by Bumble's board. The deal will make Bumble a private company and will see Ithaca co‑founders Ravi Gupta and John Hegeman become co‑CEOs. Founder and current CEO Whitney Wolfe Herd will stay involved with the business after the closing.
Why it matters
Shareholders will receive $6.05 per share in cash, ending public trading of Bumble's stock. The company will be delisted, and future governance will shift to Ithaca’s leadership.
Key facts
- 1Ithaca Holdings agreed to acquire Bumble for $1.3 billion. businessinsider.com
- 2The acquisition price equals $6.05 per Bumble share. businessinsider.com
- 3Bumble's board approved the transaction and a special committee recommended it. finance.yahoo.com
- 4Ithaca co‑founders Ravi Gupta and John Hegeman will become Bumble's co‑CEOs after the deal closes. businessinsider.com
- 5Founder Whitney Wolfe Herd will remain actively involved with Bumble post‑transaction. finance.yahoo.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.