Bumble agrees to $1.3 billion all-cash sale to Ithaca Holdings

Bumble has agreed to be acquired by Ithaca Holdings in an all-cash transaction valued at $1.3 billion.

Class A common shareholders will receive $6.05 per share in cash, and the deal has received the required shareholder approval by written consent.

After closing, Ithaca Co-CEOs Ravi Gupta and John Hegeman will become Bumble's Co-CEOs, while founder Whitney Wolfe Herd will remain actively involved.