Bumble to be acquired by Ithaca Holdings in $1.30 billion deal
BMBL•Ithaca Holdings will acquire Bumble in a $1.30 billion all-cash deal. Shareholders will receive $6.05 per share, a 138% premium, and Bumble will become privately held.
1. Deal terms
Bumble will be acquired by Ithaca Holdings in a $1.30 billion all-cash deal, with shareholders receiving $6.05 per share, a 138% premium. Ravi Gupta and John Hegeman will become co-CEOs upon closing; Blackstone and Whitney Wolfe Herd have provided shareholder approval.
