Bumble shares soar after report dating firm in $1bn takeover talks
- Shares in dating app company Bumble soared by almost 50% on Monday after a report that it is in advanced talks to be bought for around $1bn (£757m).
- Technology holding company Ithaca could announce a deal to buy the Texas-based firm as early as this week, according to the Wall Street Journal.
- The jump in Bumble's shares pushed its stock market valuation to over $580m but that is still far below a peak of more than $14bn it reached after listing on the Nasdaq in 2021.
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- Shares in dating app company Bumble soared by almost 50% on Monday after a report that it is in advanced talks to be bought for around $1bn (£757m).
- Technology holding company Ithaca could announce a deal to buy the Texas-based firm as early as this week, according to the Wall Street Journal.
- The jump in Bumble's shares pushed its stock market valuation to over $580m but that is still far below a peak of more than $14bn it reached after listing on the Nasdaq in 2021.
Sources: BBC News