Bumble to Go Private in $1.3 Billion Deal with Ithaca Holdings
Bumble agreed to be taken private by Ithaca Holdings in a $1.3 billion deal as it faces declining paying users and shifting Gen Z dating habits. Founded in 2014 by CEO Whitney Wolfe Herd, Bumble has introduced AI features and group dating to revive growth amid a 16.4% drop in paying users and falling revenue. Its market value fell from $14 billion in 2021 to $582 million recently.
ET Tech·




