Bumble to Go Private in $1.3B All-Cash Deal at 138% Premium
BMBL sits 62% above its 52-week low of $2.44 on elevated volume (14× avg).
Summary
Ithaca Holdings will acquire Bumble for $1.30 billion in cash, paying $6.05 per share — a 138% premium to the last close. The deal is fully approved by Blackstone and founder Whitney Wolfe Herd, removing the two largest potential blockers. Ravi Gupta and John Hegeman will take over as co-CEOs upon closing, and the company will operate privately with offices in London, Austin, and New York. This follows yesterday's report that a deal was close at roughly $1 billion; the final price is 30% higher, reflecting stronger-than-expected bidding or a richer valuation. The acquisition ends a turbulent public run marked by falling revenue, a major impairment, and Blackstone's ongoing exit. Shareholders get a clean cash exit at a substantial premium. The merger agreement includes a $29M company termination fee, a $102M parent termination fee, and an end date of July 12, 2027.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — The merger agreement includes a $29M company termination fee, a $102M parent termination fee, and an end date of July 12, 2027.
At the time of this announcement, BMBL was trading at $3.95 on NASDAQ in the Technology sector, with a market capitalization of approximately $501.5M. The 52-week trading range was $2.44 to $5.96. This news item was assessed with positive market sentiment and an importance score of 10 out of 10. Source: Reuters.