Bumble to be Acquired by Ithaca Holdings for $1.3 Billion

Dating app Bumble Inc. (BMBL) entered into a merger agreement on October 13, 2026, to be acquired by Ithaca Holdings in a deal valued at $1.3 billion.

Deal Structure:

Bumble common shareholders will receive cash consideration of $6.05 per share of Class A common stock, representing a premium of 59.21% over the stock’s last close.

Company Profile:

Bumble is an online dating and social networking company that operates Bumble, Badoo, and Fruitz, connecting users globally through dating and friendship services. The company generates revenue primarily through paid subscriptions and in-app purchases, offering premium features across its platforms.

Ithaca Holdings is a holding company founded by Ravi Gupta and John Hegeman that acquires and operates technology businesses. It focuses on applying emerging technologies and operational expertise to improve business performance and drive long-term growth.

Deal Details and Timeline:

In June, Reuters reported that Bumble was exploring a sale amid slowing growth in the online dating sector. The stock was trading at $2.72 when the company started working with investment bankers at Morgan Stanley on a potential sale process.

Upon closing of the transaction, Ithaca Co-CEOs Ravi Gupta and John Hegeman will assume the roles of Co-CEOs of Bumble, working closely with current CEO Whitney Wolfe Herd.

Bumble will become a privately owned company, with offices in London, Austin, and New York City, while keeping its headquarters in Austin.

The deal is expected to close in the first half of 2027.

Goldman Sachs and Morgan Stanley are acting as financial advisors to Bumble, while Davis Polk & Wardwell is serving as its legal advisor. Kirkland & Ellis is advising Ithaca Holdings on legal matters.

Ithaca is paying 4.60 times the EBITDA of Bumble.

Deal Metrics:

For comprehensive details about this M&A transaction, please visit the Deal Metrics page:

Deal Metrics for the acquisition of Bumble Inc. (BMBL) by Ithaca Holdings

The Deal Metrics page for each merger or acquisition includes:

• A spread history chart of the merger from announcement through eventual completion or failure.
• Every event as the merger progresses through the expiration of the HSR period, various regulatory approvals, shareholder votes, etc.
• News and SEC filings.
• A history of deal updates.
• And a whole lot more.

Disclaimer: Please do your own due diligence before buying or selling any securities mentioned in this article. We do not warrant the completeness or accuracy of the content or data provided in this article.

Editor’s Note: Baranjot Kaur contributed to this article