Business · 1 hour ago
Bumble Agrees $1.3bn Sale to Ithaca Holdings
Photo: nan palmero (CC BY 2.0)
Dating app Bumble has agreed to be bought by Ithaca Holdings in a $1.3bn deal that will take the company private. Bumble floated in 2021 at around $14bn but has since lost paying users and revenue, with second-quarter sales down 15%. An independent board committee recommended the deal. Founder Whitney Wolfe Herd, who did not vote on it, will stay closely involved in the business.
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