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Bumble agrees to a $1.3B acquisition deal as online dating faces a reset
After years of declining subscriber numbers and falling revenue, Bumble just agreed to a $1.3 billion acquisition.
Via TechCrunch
·Excerpt
Bumble is getting a new owner. The dating app announced Tuesday that it has agreed to a $1.3 billion acquisition deal with Ithaca Holdings, marking a major shift for a company that once looked like one of the biggest success stories in online dating.
The deal would take the company private after years of declining subscriber numbers, falling revenue, and mounting pressure to rethink the online dating experience. The move may give Bumble a chance to work on its next…
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