ChainCatcher report: Dating app Bumble Inc. (NASDAQ: BMBL) announced on October 13, 2026, that it has entered into a definitive agreement to be acquired by Ithaca Holdings, a holding company with long-standing interests in technology businesses, in an all-cash transaction valued at $1.3 billion. Each share of Class A common stock will be entitled to receive $6.05 in cash, representing approximately a 138% premium over the unaffected closing price on October 9, 2026, and approximately an 119% premium over the 30-day volume-weighted average price through that date. After evaluation with the assistance of independent legal and financial advisors, the Special Committee determined that the transaction is in the best interests of the common stockholders and recommended that the Board approve it. The Board unanimously approved the transaction, with founder Whitney Wolfe Herd recusing herself from deliberation and voting. Blackstone-affiliated parties and Wolfe Herd subsequently approved the transaction via written consent, satisfying the required shareholder approval; shareholders will receive an information statement in accordance with Delaware law and federal securities laws. Upon completion, Ithaca’s co-CEOs, Ravi Gupta and John Hegeman, will assume the roles of co-CEOs of Bumble and work alongside Wolfe Herd. Bumble will be taken private, with offices in London, Austin, and New York City, and is expected to remain headquartered in Austin. The company plans to file its Form 10-Q for the third quarter ended September 30, 2026, with the U.S. Securities and Exchange Commission by November 9, 2026, and will not issue an earnings press release or hold a conference call due to the transaction.
Dating app Bumble to be acquired by Ithaca for $1.3 billion in cash
ChaincatcherShare
Summary
Bumble Inc. (NASDAQ: BMBL) announced on October 13, 2026, that it has agreed to be acquired by Ithaca Holdings for $1.3 billion in cash. Shareholders will receive $6.05 per Class A share, a 138% premium over the October 9 closing price. The transaction, approved by the board with founder Whitney Wolfe Herd recusing herself, will result in Ravi Gupta and John Hegeman joining Herd as co-CEOs. The company will delist from the stock exchange and remain headquartered in Austin. With increased transaction volume in the market, this development could influence which altcoins to watch in the coming weeks.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.