Ithaca Holdings, backed by Greenoaks Prime Radiant, has agreed to take Bumble private in an all-cash deal valuing the dating app owner at $1.3 billion. Ithaca will pay $6.05 per share for Bumble's Class A stock, representing a premium of about 138% to the unaffected closing price on October 9 and 119% to the 30-day volume-weighted average price. The transaction has already been approved by shareholders.
Following the merger agreement signed on October 12, Blackstone affiliates and founder Whitney Wolfe Herd, the company's principal stockholders, approved the deal by written consent. Bumble will send shareholders an information statement, and the deal can close 20 days after it is mailed, subject to US antitrust clearance and other customary conditions. If the transaction has not completed by July 12, 2027, either side can walk away.
Source: PE Insights · Summarized by HeadlinesBriefing