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Bumble announced Tuesday it agreed to a $1.3 billion acquisition by Ithaca Holdings, taking the company private. Founded in 2014 by Whitney Wolfe Herd, the app saw second-quarter 2026 revenue drop 15.2% to $211 million while paying users fell 16.4% to 3.2 million. Founder Wolfe Herd will stay involved alongside Ithaca partners Ravi Gupta and John Hegeman.
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