Bumble shares soar after report dating firm in $1bn takeover talks
Summary
Bumble’s stock price rose nearly 50% after reports that the company is in advanced talks for a $1 billion takeover by Ithaca, a technology holding firm. Bumble’s market value is now about $580 million, which is much lower than its peak valuation of $14 billion in 2021.Key Facts
- Bumble is a dating app founded in 2014 by Whitney Wolfe Herd, who also helped create Tinder.
- The app became popular by letting only women start conversations with matches, but it recently removed this rule.
- Bumble’s shares jumped after reports of a possible $1 billion buyout by Ithaca.
- The company’s current market value is $580 million, down from a $14 billion peak after its 2021 public offering.
- Bumble lost nearly a third of its staff in 2025 due to slowing growth in the dating app industry.
- Younger people are spending less time on dating apps, with some choosing other social activities to meet partners.
- Similar companies like Match Group, which owns Tinder and other apps, have also seen stock declines.
- The deal could be announced as early as this week, but Bumble and Ithaca have not commented yet.
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