Economic TimesLean R·
US stocks: Bumble shares surge 52% on reports of $1 billion privatisation talks
Bumble is in advanced talks to be taken private by Ithaca Holdings in a deal that values the dating app operator at roughly $1 billion, a source familiar with the matter told Reuters on Monday.Shares of Bumble rose around 52% to $3.86. Reuters exclusively reported earlier this year that Bumble is exploring a sale amid slowing growth in the online dating sector.Bumble and Ithaca Holdings did not immediately respond to Reuters' requests for comment.As of Friday's close, Bumble had a market valua…
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