Bumble agrees to a $1.3 billion private acquisition
Bumble's shares surged 52% to $3.86 on Friday, with the company valued at $389 million. It agreed to a $1.3 billion acquisition by Ithaca Holdings and will become private. User activity dropped 16.4%, and UK adults spent less time on dating apps than three years ago.
- Bumble's market valuation was about $389 million as of Friday's close, with shares rising 52% to $3.86.
- Bumble agreed to a $1.3 billion acquisition deal with Ithaca Holdings.
- Bumble's paying user base declined by 16.4 percent.
- Bumble will take the company private.
- Ofcom found UK adults spent less time on dating apps than three years prior.
Outlets: BBC News, El Colombiano, Estadão, Expansión, G4Media, Irish Independent, MyJoyOnline, Semafor, TechCrunch, The Economic Times
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