Bumble Inc. (NASDAQ:BMBL) on Tuesday agreed to be acquired by Ithaca Holdings in a $1.3 billion all-cash deal.
The deal offers shareholders $6.05 per Class A share, a 138% premium to the Oct. 9, 2026, closing price and a 119% premium to the 30-day volume-weighted average price.
Bumble Board Approves Buyout After Strategic Review
Bumble’s independent special committee reviewed strategic alternatives with external legal and financial advisors before recommending the deal.
The board unanimously approved the agreement, with founder Whitney Wolfe Herd abstaining from deliberations and the vote.
Ann Mather, Bumble’s board chair and head of the special committee, said the committee independently assessed strategic options with external legal and financial advisors before concluding that Ithaca’s offer provided the best outcome for public and unaffiliated shareholders. She also acknowledged management’s cooperation during the review.
Wolfe Herd To Remain In Leadership As Bumble Goes Private
Following the acquisition, Ithaca co-CEOs Ravi Gupta and John Hegeman will lead Bumble alongside Wolfe Herd, who will remain actively involved in the company’s next phase of innovation and growth.
Bumble will become privately held, retain offices in London, Austin and New York City, and is expected to keep its base in Austin.
Bumble To Skip Third-Quarter Earnings Call Amid Pending Deal
Bumble expects to file its third-quarter 2026 Form 10-Q with the SEC by Nov. 9.
Given the pending transaction, the company does not plan to issue a separate third-quarter earnings release or hold a conference call to discuss results for the quarter ended Sept. 30, 2026.
BMBL Stock Price Activity: Bumble shares are trading higher by 56.18% at $5.93 at the time of publication on Tuesday, according to Benzinga Pro data.
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