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Continuing story · 1 report

Ithaca Holdings’ acquisition of Bumble

First aired Latest aired

DevelopingNext check Oct 14: Check for a closing timetable, regulatory disclosures, financing details and a defined continuing role for Whitney Wolfe Herd.

Where it stands

Bumble has agreed to an all-cash $1.3 billion takeover by Ithaca Holdings. The deal has not been reported as completed or abandoned; Ravi Gupta and John Hegeman are set to become co-CEOs after closing, while Whitney Wolfe Herd’s future role remains undefined.

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Story trackerDay 2

1 report29 outlets40 sources

  • No dated events yet
  1. Update 1Bumble agrees to $1.3 billion sale. A turnaround is another matter.

The story so far

  1. Update 1

    Bumble agrees to $1.3 billion sale. A turnaround is another matter.

    Ithaca Holdings would take Bumble private and install two co-CEOs. The cash premium is substantial; the recovery—and the closing—remain ahead.

History

  1. Opened1 report

Who's involved

People

  • Lidiane JonesCEO of Slack1 report
  • Whitney Wolfe HerdAmerican businesswoman1 report

Organizations

  • Blackstone Inc.American alternative investment company1 report
  • Bumble Inc.subsidiary by Blackstone1 report

Places

  • AustinAustin, TX, USA1 report

Every outlet we read on this story

40 sources29 outlets1 wire copy