Dating app Bumble in advanced talks to go private at $1 billion valuation
SynopsisShares of Bumble rose around 21% in afternoon trading. Reuters exclusively reported earlier this year that Bumble is exploring a sale amid slowing growth in the online dating sector.Listen to this article in…
Synopsis
Shares of Bumble rose around 21% in afternoon trading. Reuters exclusively reported earlier this year that Bumble is exploring a sale amid slowing growth in the online dating sector.Listen to this article in summarized format
Bumble is in advanced talks to be taken private by Ithaca Holdings in a deal that values the dating app operator at roughly $1 billion, a source familiar with the matter told Reuters on Monday.Shares of Bumble rose around 21% in afternoon trading. Reuters exclusively reported earlier this year that Bumble is exploring a sale amid slowing growth in the online dating sector. Add as a Reliable and Trusted News Source Add Now!
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Figures reflect the source report and its stated period. This article is for information and is not investment advice.
