Most Active
Bumble Agrees to $1.3 Billion All-Cash Buyout by Ithaca Holdings at $6.05 Per Share
Read this in the Market Flux appBumble Inc. $BMBL
$5.95+56.53%as of publication
- 5D Change
- +136.38%
- Notional
- $689.42M
Bumble Inc. has agreed to be taken private by Ithaca Holdings in an all-cash deal valuing the dating-app company at $1.3 billion, or $6.05 per share. The offer represents a premium of approximately 138% to Bumble's unaffected closing price on October 9, 2026, and about 119% above the 30-day volume-weighted average price as of that date.
An independent Special Committee of Bumble's board evaluated a range of strategic alternatives before recommending the transaction, which the full board then approved unanimously. Founder and CEO Whitney Wolfe Herd recused herself from deliberations and the vote. Following the agreement, affiliates of Blackstone and Wolfe Herd provided written shareholder consent, satisfying the required approval threshold under Delaware law.
Shares surged roughly 56% on the day to close near $5.93, just below the deal price of $6.05. Reports of advanced takeover talks had already sent the stock up nearly 50% the prior session, closing at $3.80 on Monday before the deal was formally announced Tuesday morning.
© AI-generated summary is provided by Market Flux
Sources
- Yahoo FinanceBumble Inc. to Be Acquired by Ithaca Holdings, the Long-Term Holding Company for Enduring Technology Businesses
- NasdaqBumble Shares Jump 50% On Reports Of $1 Bln Takeover Talks
- OpenOutcrier$BMBL (+57.1% pre) Bumble to go private in $1.3 billion deal
- _Morkie🟢 MARKETS DESK: Bumble $BMBL jumped 56.05% to $5.93 following an agreement to be acquired by Ithaca Holdings in a $1.3B go-private buyout at $6.05 per share.
- JoinautopilotEverything you missed in the stock market on October 13th: 1. Stocks closed mixed as big bank earnings rolled in and chip stocks fell for a 5th straight day 2. $BMBL exploded about 56% after agreeing to a $1.3 billion, $6.05 per share buyout by Ithaca Holdings 3. BlackRock downgraded US stocks to neutral and went overweight short-dated Treasuries, citing AI volatility 4. $GS beat on a 72% jump in equities trading revenue while $JPM posted a rare profit miss 5. $C dropped ~5.5% and $WFC fell ~3% as investors sold the bank beating earnings 6. $JNJ sank nearly 6% on a talc charge and a medtech miss despite raising guidance 7. $AMAT lost nearly 7% after an investor day light on near-term numbers, dragging chips lower 8. $META gained about 2.5%, extending its rally on the Muse AI model 9. The 10-year yield eased to about 5.22% as Fed Governor Waller said rising yields are tightening policy 10. WTI crude climbed about 1% to just under $95 with Brent near $106, holding a two-week high 11. Health care and industrials led the losers while energy and communication services closed higher 12. S&P 500 was flat, Dow dropped about 0.3%, and Nasdaq slipped about 0.2% And that's just ONE trading day