Gizmodo
Bumble Given a Billion Reasons to Go Private
Tech bros take on the women-first dating app. What could go wrong?
Via Gizmodo
·Excerpt
Bumble is breaking up with the Nasdaq. According to a report from Reuters, the floundering dating app has accepted a $1.3 billion bid from Ithaca Holdings to go private, taking the company off the market as it and its many rivals struggle to figure out how to get Gen Zers and Gen Alpha to care about dating again.
The deal will see the shareholders of Bumble get a cool $6.05 per share, which Bloomberg reported is about a 138% premium…
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