Dating app Bumble in advanced talks to go private at $1 billion valuation, source says
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.
By Reuters |
Reuters
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.
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.
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