Investing.com — Bumble (NASDAQ: BMBL) shares jumped 21% (OP note: total 52% in a day) after The Wall Street Journal reported the dating app is in advanced talks to go private in a deal valuing the company at roughly $1 billion.
The buyer is Ithaca Holdings, a firm recently founded by two Silicon Valley executives, according to people familiar with the matter. Trading in Bumble shares was paused due to volatility, and might continue higher when trading resumes.
Bumble stock surges 52% on report of $1B buyout talks
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Posted by zuckzuckonit
3 Comments
Worth remembering this is a report of talks, not a signed deal. In a take-private the upside is basically capped at the offer price, so once trading settles the stock usually sits a bit below the per-share price, and that gap is the market’s estimate of the risk the deal falls through.
Let me guess, the Match Group…
Private equity does not want you to get laid. They want you to go broke while trying.