Bumble shares jumped almost 50% after a report it is in advanced takeover talks with Ithaca at about $1bn. The rally lifted its valuation above $580m, still far below its 2021 peak.
01Summary
- 01Bumble shares rose by almost 50% on Monday after the Wall Street Journal reported it is in advanced talks to be bought for around $1bn.
- 02Technology holding company Ithaca could announce a deal to buy the Texas-based company as early as this week, the report said.
- 03The share surge took Bumble’s market value to more than $580m, compared with a peak of more than $14bn after its Nasdaq listing in 2021.
- 04Bumble was launched in 2014 by Whitney Wolfe Herd, who co-founded Tinder, and built its brand around women making the first move.
- 05Bumble said in 2025 it would cut almost a third of its workforce as online dating faced slowing growth and weaker user enthusiasm.
02Why it matters
The move matters because it shows investors are revaluing Bumble sharply on takeover hopes after a long fall from its peak. It also underlines the pressure facing dating apps as growth slows and users spend less time on them.
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