BUZZ-Bumble eyes best day ever on report Ithaca Holdings nears take-private deal
Reuters2026/10/12 18:41Updates
** Shares of dating app operator Bumble BMBL.O up 52% at $3.86; on track for their biggest daily gain on record, if current levels hold
** Bumble is in advanced talks to be taken private by Ithaca Holdings in a deal valuing the company at roughly $1 billion, Reuters reports citing a source familiar with the matter
** Bumble and Ithaca Holdings not immediately respond to Reuters' requests for comment
** Reuters exclusively reported earlier this year that Bumble was exploring a sale amid slowing growth in the online dating sector
** Bumble had a market value of about $389 million through Friday's close
** Including session's move, BMBL up 9.2% YTD
(Reporting by Varun Sahay in Bengaluru)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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