Bumble Agrees to $1.3 Billion Take-Private Acquisition by Ithaca Holdings
Shareholders receive $6.05 per share, a 138% premium.
Shareholders receive $6.05 per share, a 138% premium.
Founder Whitney Wolfe Herd is expected to remain involved in Bumble under the deal.
Bumble is working with Morgan Stanley to explore a sale as revenue fell by around 10%, paying users dropped more than 20% in Q1, and its stock price plunged.
Morgan Stanley turns more optimistic on Match Group stock after Tinder's first product showcase, citing faster innovation, growing user trends, and potential for share price gains.
Match Group (MTCH) surpasses Q4 revenue forecasts with $878M, driven by Hinge's growth. Tinder's user decline continues, but product changes and AI features signal potential turnaround ahead.