Bumble agrees to go private in $1.3 billion acquisition

First reported by BBC at · Updated · 3 sources

Ithaca Holdings is the buyer, and Bumble is pursuing a turnaround that has been underway for months, according to The Economic Times. The agreement follows years of shrinking subscriber numbers and declining revenue, TechCrunch reports, as the company works through changes to its dating app business.

  • Bumble recently dropped its women-first chat rule, according to the BBC.

Covered by 3 publishers within 13 hours of the first report.

Reporting3

BBC Bumble bought for $1.3bn in 'bet on the future of humanity'
The Economic Times Bumble swipes right on $1.3 billion go-private deal amid online dating industry reset
TechCrunch Bumble agrees to a $1.3B acquisition deal as online dating faces a reset · Lauren Forristal