Bumble in Talks to Go Private at $1B; Stock Jumps 50% — SkimNews
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- Bumble is in advanced talks to go private at a roughly $1 billion valuation, per WSJ's exclusive reporting, with Bloomberg identifying Ithaca as the buyer.
- Bumble shares skyrocketed 50% on the deal-talk reports, reflecting how far below the buyout price the stock had been trading.
Why it matters: The 50% stock surge shows investors clearly viewed the ~$1 billion offer as a premium over where Bumble had been trading — a stark signal about how far the once-high-flying dating app's valuation had fallen since its 2021 IPO. For Bumble, a deal at this price would let existing shareholders cash out at a premium while shielding the company from public-market pressure during a stretch of declining user growth.
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