Dating app Bumble in advanced talks to go private at $1 billion valuation, source says
The deal would lift Bumble above its current market value and could face hurdles from board approval, Blackstone’s stake and financing terms.
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US Stocks: Dating app Bumble shares surge 52% on talks to go private at $1 billion valuation
Bumble is reportedly in advanced negotiations for a private acquisition by Ithaca Holdings, which values the company at approximately $1 billion. This potential acquisition follows a decline in Bumble's market valuation, which was around $389 million recently. Shares of Bumble saw a significant increase, which rose nearly 52% after the acquisition discussions became public. The company is facing challenges in a competitive market, particularly w…
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WTVBDating app Bumble in advanced talks to go private at $1 billion valuation, source says
Oct 12 : Bumble is in advanced talks to be taken private by Ithaca Holdings in a deal that values the dating app operator at roughly $1 billion, a source familiar with the matter told Reuters on Monday.Shares of Bumble rose around 52 per cent to $3.86. Reuters exclusively reported earlier this year that Bumbl
Dating app company Bumble is in advanced negotiations for a takeover that would value the company at around $1 billion, the Wall Street Journal reports.
Bumble would be in advanced conversations to move into the hands of Ithaca Holdings in an operation that would value it at about $1 billion. The report coincided with a rise of up to 57% in its actions, while the application faces challenges of participation.
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