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Ithaca Holdings to Buyout Bumble in $1.3 Billion All-Cash Deal

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BMBL$5.95 56.58%

Dating app operator Bumble Inc. (NASDAQ:BMBL) is set to be taken over by Ithaca Holdings in a cash buyout worth $1.3 billion. Under the terms, investors holding Class A shares will get $6.05 per share in cash. That payout is roughly 138% higher than the stock's last undisturbed price recorded on October 9, 2026, and about 119% above its 30-day volume-weighted average price.

The buyout will take the company private. An independent special committee guided by legal and financial consultants advised approving the sale, leading Bumble's board to endorse it without opposition. Founder Whitney Wolfe Herd stepped aside from the deliberations and vote. Formal investor consent was subsequently granted through written approvals from Wolfe Herd and entities affiliated with Blackstone.

Once the buyout closes, Ithaca leadership members Ravi Gupta and John Hegeman will serve as co-chief executive officers alongside Wolfe Herd. Bumble intends to retain its Austin headquarters as well as operational hubs in London and New York. The business will submit its quarterly 10-Q report for the period ending September 30 by November 9, 2026, but will forgo an earnings statement and conference call owing to the acquisition.

Key points

  • Ithaca Holdings plans to buy Bumble Inc. in an all-cash transaction valued at $1.3 billion.
  • Class A shareholders are slated to receive $6.05 in cash for each share held.
  • The offer represents a premium of approximately 138% over the unaffected price on October 9, 2026.
  • Bumble's board unanimously backed the transaction following an independent committee's review.
  • The company will transition to private ownership under new joint leadership and skip its Q3 earnings call.

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Questions and answers

How much will Bumble shareholders receive in the Ithaca acquisition?

Class A shareholders will receive $6.05 per share in cash, representing a total transaction value of $1.3 billion.

Will Bumble continue as a public company after the buyout?

No, Bumble will become a private company based in Austin, maintaining secondary offices in London and New York City.

Who will lead Bumble after the deal closes?

Ithaca co-CEOs Ravi Gupta and John Hegeman will step in as co-CEOs of Bumble alongside founder Whitney Wolfe Herd.