Bumble to Delist in $1.3 Billion Deal With Ithaca Holdings
Deals·2 articles across 2 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Bumble Inc. is being taken private by newly formed firm Ithaca Holdings for $1.3 billion, a fraction of its value when it went public in 2021, after younger users began to sour on dating apps.
Ithaca co-founders Ravi Gupta and John Hegeman will become Bumble's co-CEOs as the company faces declining subscriber numbers and falling revenue.
BumbleIthaca HoldingsRavi GuptaJohn Hegeman
Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“Bumble Inc. is being taken private by newly formed firm Ithaca Holdings for $1.3 billion, a fraction of its value when it went public in 2021, after younger users began to sour on dating apps.”
Bloomberg — Bumble to Delist in $1.3 Billion Deal With Ithaca Holdings“After years of declining subscriber numbers and falling revenue, Bumble just agreed to a $1.3 billion acquisition.”
TechCrunch — Bumble agrees to a $1.3B acquisition deal as online dating faces a reset“Reuters: Bumble says it has agreed to be taken private by Ithaca Holdings in a $1.3B deal; Ithaca co-founders Ravi Gupta and John Hegeman will become Bumble's co-CEOs — Bumble (BMBL.O) said”
techmeme — Bumble says it has agreed to be taken private by Ithaca Holdings in a $1.3B deal; Ithaca co-founders Ravi Gupta and John Hegeman will become Bumble's co-CEOs (Reuters)“Now, the embattled dating app company is making another big move: going private.”
fast company — Bumble stock soars as the embattled dating app strikes deal to go private. Here’s how it got here
Earlier versions
- Oct 13, 2:25 PM — Bumble in Talks to Be Taken Private in $1 Billion Deal (2/2)