Bumble Agrees to $1.3 Billion Ithaca Take-Private Deal

Bumble announced on Oct. 13, 2026, an agreement to be acquired by Ithaca Holdings in an all-cash transaction valuing the company at $1.3 billion. The proposed deal would take the dating-app company private and change its executive leadership when it closes, rather than immediately transferring control.

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The announced purchase terms

According to Bumble’s announcement, holders of Class A common stock would receive $6.05 a share in cash. Bumble says an independent special committee recommended the transaction and the board approved it, with founder and CEO Whitney Wolfe Herd recusing herself from the board’s deliberations and vote.

The company says affiliates of Blackstone and Wolfe Herd subsequently supplied the required shareholder approval through written consent. That approval should not be confused with a completed acquisition: Bumble’s announcement identifies conditions and risks affecting whether the transaction closes.

Leadership changes follow closing

Kirkland & Ellis, Ithaca’s legal adviser, confirmed the definitive agreement and said Ithaca co-CEOs Ravi Gupta and John Hegeman would become Bumble co-CEOs upon closing. The law firm’s account is a transaction participant’s confirmation, not independent reporting. TechCrunch separately reported the acquisition agreement.

Bumble says Wolfe Herd will remain actively involved and that the company is expected to retain its Austin base.

The next corporate reporting milestone

Bumble plans to file its third-quarter Form 10-Q by Nov. 9. It says it will not issue an earnings release or hold the usual results conference call for that quarter in light of the transaction.

For business readers, the immediate consequence is a proposed change in ownership and accountability, not a demonstrated change in the dating product. The announcement does not establish new subscription prices, a product launch schedule or completed operational integration. Those questions remain separate from the agreed purchase terms and should not be filled with assumptions about the buyer’s future strategy.