Bumble nears a $1 billion take-private deal, WSJ reports
The potential buyer is a recently founded holding company led by former Sequoia partner Ravi Gupta, according to The Information, citing The Wall Street Journal. Bloomberg reported that shares of the dating-app company rose sharply after the Journal said negotiations to take the company private were at an advanced stage.
Covered by 2 publishers within an hour of the first report.
Reporting2
Bloomberg Bumble in Talks to Be Taken Private for $1 Billion, WSJ Says · Samantha Murphy Kelly
The Information Bumble in Talks to Go Private With Sequoia Partner Gupta’s New Venture · Valida Pau