Bumble Reportedly Nears $1 Billion Deal to Go Private Thornton McEnery Mon, October 12, 2026 at 3:15 PM EDT 2 min read BMBL +52.00% NVDA -1.06% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
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Whitney Wolfe Herd built a company on the idea that women should make the first move, and in hindsight, she should have made a move to take Bumble private years ago,maybe even before she left as CEO and had to come back to clean The dating app is now in advanced talks to be bought by Ithaca Holdings at about $1 billion, according to the WSJ, news that sent the stock up about 21% from a roughly $335 million market value, and a deal could land this week.
Bumble's time on the public market has gone about as well as most people's time on Bumble. It listed in 2021, hit a market value north of $14 billion, and its shares have since lost more than 90% as younger users decided to meet people in the wild… and other apps. Wolfe Herd, who co-founded Tinder before starting Bumble in 2014, returned as CEO in 2025, cut about 30% of staff months later, and in August dropped the women-message-first feature that was the app's whole premise, which feels a lot like changing your entire personality to win back an ex.
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Ithaca Holdings, founded by Sequoia partner and former Instacart CFO Ravi Gupta and former Meta revenue chief John Hegeman, says its mission is to "use frontier technology to build products to meaningfully improve people's lives." So the app built to let women make the first move is about to be fixed by two middle-aged tech guys from Facebook's ad machine and Instacart's finance department. Hot. Wolfe Herd is expected to keep part of her stake and stick around, and Blackstone, which bought a majority in 2019, still holds about 14%.
After years of wandering in the wilderness, Bumble would now rather work on itself in private.
