Bumble Stock News

Forget stumbling across your perfect match on a dating app by chance. Thanks to a new Bumble feature, you can look them up directly—as long as you know their username.

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Bumble (BMBL) shares charged explosively to the upside after the dating-app operator agreed to an all-cash acquisition by Ithaca Holdings. The transaction values BMBL at “$1.3 billion” and offers shareholders $6.05 per share.

Bumble Inc (NASDAQ:BMBL), the dating app company founded by Whitney Wolfe Herd, is set to leave public markets after agreeing to a $1.3 billion takeover by technology holding company Ithaca Holdings. The deal will see shareholders receive $6.05 a share in cash, representing a 138% premium to Bumble's closing share price on 9 October, before the announcement.

Bumble is getting a new owner. The dating app announced Tuesday that it has agreed to a $1.3 billion acquisition deal with Ithaca Holdings, marking a major shift for a company that once looked like one of the biggest success stories in online dating.

Bumble will go private after being acquired by Ithaca Holdings.

Bumble has spent the past few years trying everything from a new CEO to AI-powered matches.

Bumble tsaid on Tuesday it had agreed to be taken private by Ithaca Holdings in a ​deal valued at $1.3 billion, as the dating ‌app pushes forward with its months-long turnaround amid shifting Gen Z dating habits and declining paying users.