TNW | Merge-and-acquisition
Bumble agrees to be bought by Ithaca Holdings for about $1.3bn
The all-cash deal pays $6.05 a share, a 138% premium to the dating app’s price before news of the talks.
Via TNW | Merge-and-acquisition
·Excerpt
Bumble has agreed to be acquired by Ithaca Holdings in an all-cash deal valuing the dating app at about $1.3 billion, the companies said on Tuesday.
Ithaca will pay $6.05 per Bumble Class A share, about 138% more than the stock’s closing price on October 9, before reporting on Monday that the two sides were in advanced talks.
The deal does not need a shareholder vote. Funds linked to Blackstone and founder Whitney Wolfe Herd have already approved it in…
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