Bumble acquired for $1.3bn by Ithaca Holdings

Dating app Bumble has been bought for $1.3bn by investment firm Ithaca Holdings, with new co-chief executives Ravi Gupta and John Hegeman taking charge. The acquisition aims to renew and accelerate the platform using artificial intelligence to foster human connection.

Bumble's valuation had fallen sharply from its 2021 peak of over $14bn, following years of steep losses and a changing dating app landscape. Founder Whitney Wolfe Herd will stay involved, despite recent controversies including the removal of the app's iconic 'women-first' chat rule and significant workforce reductions.

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Bumble acquired for $1.3bn by Ithaca Holdings

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