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00:02Bumble is in advanced talks to go private in a deal valuing the dating app company at roughly $1 billion,
00:08according to the Wall Street Journal.
00:10Ithaca Holdings is the prospective buyer, and an agreement could come as soon as this week.
00:14Shares surged 50% to $3.81 on Monday following the report, according to Benzinga Prodata.
00:21Bumble went public in February 2021 at $43 per share, but its stock remains about 91% below that price.
00:28Reuters reported in June that Bumble was exploring a potential sale as online dating growth slowed.
00:34Founder Whitney Wolf Hurd returned as CEO in March 2025 and has been working to overhaul the app.
00:40For all things money, visit Benzinga.com.
