StartupsQuartzabout 2 hours ago
Bumble Talks Private Deal at $1 Billion
2 min read
Bumble is in advanced talks to be taken private at a valuation of roughly $1 billion by Ithaca Holdings. Bumble stock surged 50% to $580 million after the report, having fallen 90% since its 2021 IPO. CEO Whitney Wolfe Herd will stay involved. The firm plans to use artificial intelligence for investments.
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