Under the terms of the agreement, Bumble common shareholders will receive cash consideration of $6.05 per share of Class A Common Stock, representing an approximately 138% premium to the unaffected closing share price on October 9, 2026, and a premium of approximately 119% to the 30-day volume weighted average price as of October 9, 2026.
Transaction Details
An independent Special Committee of Bumble’s Board of Directors ("Special Committee"), advised by independent legal and financial advisors, conducted a rigorous process to evaluate a range of strategic alternatives.
After careful consideration, the Special Committee determined that Ithaca's proposed transaction is in the best interest of Bumble’s common shareholders and recommended approval of the transaction to the full Board of Directors. Acting upon the Special Committee’s recommendation, the Board unanimously approved the transaction, excluding Whitney Wolfe Herd who recused herself from the Board’s deliberations and voting on the matter. Following execution of the definitive agreement, affiliates of Blackstone and Ms. Wolfe Herd approved the transaction by a written consent of shareholders, providing the requisite shareholder approval for the transaction. Bumble shareholders will receive an information statement as required by Delaware law and the federal securities laws.
Ithaca’s mission is to apply frontier technology to renew and accelerate businesses that enrich people’s lives and create lasting value in a world transformed by AI. Upon closing the transaction, Ithaca Co-CEOs, Ravi Gupta and John Hegeman, will become Co-CEOs of Bumble. They will partner closely with Ms. Wolfe Herd to extend Bumble’s original vision to help people find connections in life and love into the next era.
Bumble will operate as a privately-held company with offices in London, Austin and New York City, and is expected to remain based in Austin.
Third Quarter 2026 Earnings
The Company plans to file its quarterly report on Form 10-Q with the Securities and Exchange Commission (the "SEC") by November 9, 2026. In light of this transaction, the Company does not plan to issue an earnings release or conduct a conference call to discuss financial results for the third quarter ending September 30, 2026.