Bumble in advanced talks to go private in roughly $1 billion deal
Dating app company Bumble is in advanced negotiations to be acquired and taken private by Ithaca Holdings at an estimated $1 billion valuation, with founder Whitney Wolfe Herd expected to stay involved.
Dating app company Bumble is in advanced discussions to be taken private at a valuation of approximately $1 billion, according to reports from The Wall Street Journal and Bloomberg. The prospective buyer is Ithaca Holdings, an upstart investment firm recently established by two Silicon Valley executives. A transaction could be reached as soon as this week.[2][5][6][7][8][9][11]
Bumble founder Whitney Wolfe Herd is expected to remain involved with the dating app platform under the terms of the potential buyout. The take-private discussions follow a difficult public market run for the company, which has dealt with weak user engagement and seen its shares slide more than 90% since its 2021 initial public offering.[4][6][10]
Reports of the acquisition talks sparked a sharp surge in Bumble stock, with shares rallying between 49% and 57% as investors reacted to the possible sale.[1][2][3][10]
Key facts
- Bumble is in advanced discussions to be taken private at a valuation of around $1 billion.
- The potential buyer is Ithaca Holdings, an upstart investment firm recently founded by two Silicon Valley executives.
- Founder Whitney Wolfe Herd is expected to remain involved with Bumble as part of the transaction.
- A deal to acquire Bumble could be reached as soon as this week.
- Bumble shares had fallen more than 90% since its 2021 IPO amid weak user engagement.
- Bumble's stock surged between 49% and 57% following the reports of the take-private talks.
Sources · 9 sources
- BA
Barron's@barronsonlinePost on X ·
Bumble Stock Rallies 49%. Can a Take-Private Deal Save the Dating App? https://t.co/RM0LtXKFxR
Open source - BL
Bloomberg@businessPost on X ·
Shares of dating-app company Bumble soared after the Wall Street Journal reported that it’s in advanced talks to be taken private in a deal that values it at around $1 billion https://t.co/BwnC44RZGF
Open source - PM
Polymarket Money@PolymarketMoneyPost on X ·
BREAKING: Bumble shares surge +50% amid reports the dating app could be taken private at a $1 billion valuation.
Open source - WM
WSJ Markets@WSJmarketsPost on X ·
Bumble founder Whitney Wolfe Herd is expected to stay involved with the dating app as part of a deal to take it private https://t.co/Do1trCHv0M
Open source - TE
Techmeme@TechmemePost on X ·
Sources: Bumble is in advanced talks to be taken private at a ~$1B valuation; the buyer is Ithaca Holdings, a firm founded recently by two Silicon Valley execs (@cararlombardo / Wall Street Journal) (Visit Techmeme dot com for the link and full context!)
Open source - QU
Quartz@qzPost on X ·
Bumble is in advanced talks to go private at a $1 billion valuation: The dating app's shares have fallen more than 90% since its 2021 IPO; a deal with Ithaca Holdings could come as soon as this week dlvr.it/TVv678 https://t.co/vHup7qqBxe
Open source - TF
Tech Funding News@TFNBreakingNewsPost on X ·
📌 @bumble is in advanced talks to go private in a deal with @Ithaca_Holdings that would value it at about $1B. https://t.co/zYAhLBE0CG #ustech #womenintech #femalefounders #technology #dating #valuation #innovation https://t.co/WcesUjuDqq
Open source - EV
Evan@StockMKTNewzPost on X ·
Bumble $BMBL is in advanced talks to be taken private in a deal that values it at roughly $1 billion - WSJ https://t.co/QphOabXjZd
Open source - BL
Bloomberg@businessPost on X ·
Dating-app provider Bumble is in talks to be sold to upstart investment firm Ithaca for around $1 billion, according to sources https://t.co/zOtMBjDILj
Open source - BA
Barron's@barronsonlinePost on X ·
Bumble Has Suffered From Weak User Engagement. But a Take-Private Deal Drives Stock Up 57%. https://t.co/70l51UWSYf
Open source - PO
Polymarket@PolymarketPost on X ·
JUST IN: Dating app Bumble is reportedly in advanced talks to go private at a valuation of $1,000,000,000.00.
Open source