Bumble Agrees to Be Acquired by Ithaca Holdings for $1.3 Billion
Shares of Bumble surged over 56% on Tuesday after the company announced a deal to be acquired by technology and media investment firm Ithaca Holdings for $1.3 billion. Under the terms, shareholders will receive $6.05 in cash per share, representing a significant premium compared to recent stock prices. Bumble has faced declining user engagement and revenue challenges over the past year as younger users have shifted away from traditional dating platforms. The company reported a 15.2% drop in annual revenue for its second quarter of fiscal 2026 due largely to fewer paying users. Following the acquisition, Bumble will operate under Ithaca’s leadership while remaining committed to its women-first mission. Bumble's founder and CEO Whitney Wolfe Herd expressed confidence that this partnership would support long-term growth and innovation at the company.
Tickers: $BMBL
Topics: acquisition Bumble Ithaca Holdings stock price surge
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Part of the story Bumble to go private in $1.3B deal with Ithaca Holdings (2 articles)