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BumbleNews

Dating app Bumble sold in $1.9 billion deal after value plummets

What happened

Ravi Gupta will become co-CEO of Bumble following the completion of its sale to Ithaca Holdings.

Source

Article excerpt

Highlighted: the sentence this signal was extracted from

Bumble is being taken private by newly formed firm Ithaca Holdings for $US1.3 billion ($1.9 billion), a fraction of its value when it went public in 2021, after younger users began to sour on dating apps. Ithaca Holdings will pay $US6.05 per share, according to a statement on Tuesday. Bloomberg reported earlier this week that the two firms were in advanced talks about a sale. The deal price represents a 138 per cent premium over Bumble's closing share price on Friday, the last trading day before Bloomberg and other news outlets reported on a possible deal. After the deal is completed, Ithaca Holdings' two chief executive officers, Ravi Gupta and John Hegeman, will become co-CEOs of Bumble. Founder Whitney Wolfe Herd will "remain actively involved with Bumble," she said in the statement. The dating company will remain based in Austin with other major offices in London and New York. The deal marks a dramatic turn for Bumble, which was valued at $US14 billion when it went public more than five and a half years ago, making Wolfe Herd, a former Tinder cofounder, the youngest female self-made billionaire in the world at that time. She founded Bumble in 2014 at the age of 24, on the premise that only women could make the first move on the app. But Bumble, like many of its dating-app peers, has suffered user declines as young people have grown fatigued with online dating.

smh.com.au/business/companies/dating-app-snapped-up-in-1-9-billion-de...Read the full source

Extracted by Autobound

From the Signal API record
Event
News

What this signalsA new leader often reviews the tools the team uses.

Person
Ravi Guptaco-CEO
Location
Austin, Texas, United States

The full record

From the Signal API record

People

  • Ravi Guptaco-CEO · Named in the story

Topics and mentions

Job title tags

  • directors
  • management

Extraction

Confidence
90%
Detected
Oct 13, 2026
signal_type
news
signal_subtype
hires

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The API returns more than this page shows

This page shows a preview. The full news record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/a869a58e-2776-b018-f44a-353ded69f92e returns this record as JSON. POST /v1/companies/enrich returns every signal for bumble.com.

{
  "signal_id": "a869a58e-2776-b018-f44a-353ded69f92e",
  "signal_type": "news",
  "signal_subtype": "hires",
  "detected_at": "2026-10-13T19:20:21+00:00",
  "company": {
    "name": "Bumble",
    "domain": "bumble.com"
  },
  "data": {
    "url": "https://www.smh.com.au/business/companies/dating-app-snapped-up-in-1-9-billion-deal-after-value-plummets-20261014-p615bc.html",
    "title": "Dating app Bumble sold in $1.9 billion deal after value plummets - SMH.com.au",
    "contact": "Ravi Gupta",
    "excerpt": "Bumble is being taken private by newly formed firm Ithaca Holdings for $US1.3 billion ($1.9 billion), a fraction of its value when it went public in 2021, after younger users began to sour on dating apps. Ithaca Holdings will pay $US6.05 per share, according to a statement on Tuesday. Bloomberg reported earlier this week that the two firms were in advanced talks about a sale. The deal price represents a 138 per cent premium over Bumble’s closing share price on Friday, the last trading day before Bloomberg and other news outlets reported on a possible deal. After the deal is completed, Ithaca Holdings’ two chief executive officers, Ravi Gupta and John Hegeman, will become co-CEOs of Bumble. Founder Whitney Wolfe Herd will “remain actively involved with Bumble,” she said in the statement. The dating company will remain based in Austin with other major offices in London and New York. The deal marks a dramatic turn for Bumble, which was valued at $US14 billion when it went public more than five and a half years ago, making Wolfe Herd, a former Tinder cofounder, the youngest female self-made billionaire in the world at that time . She founded Bumble in 2014 at the age of 24, on the premise that only women could make the first move on the app. But Bumble, like many of its dating-app peers, has suffered user declines as young people have grown fatigued with online dating.",
    "summary": "Ravi Gupta will become co-CEO of Bumble following the completion of its sale to Ithaca Holdings.",
    "location": "Austin, Texas, United States",
    "planning": true,
    "image_url": "https://static.ffx.io/images/$zoom_0.6478%2C$multiply_0.7554%2C$ratio_1.777778%2C$width_1059%2C$x_201%2C$y_0/t_crop_custom/q_86%2Cf_auto/928b409d9fc4f4d80ea578b0a59fb3aa3513d0d4",
    "job_title": "co-CEO",
    "confidence": 0.9,
    "published_at": "2026-10-13T19:20:21Z",
    "location_data": [
      {
        "city": "Austin",
        "state": "Texas",
        "region": "Northern America",
        "country": "United States",
        "continent": "Americas",
        "fuzzy_match": false
      }
    ],
    "job_title_tags": [
      "directors",
      "management"
    ],
    "article_sentence": "After the deal is completed, Ithaca Holdings’ two chief executive officers, Ravi Gupta and John Hegeman, will become co-CEOs of Bumble."
  }
}

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