Deals · Updated 13 Oct, 06:01 pm IST

Bumble to be taken private in $1.3 billion deal

Why it matters for readers: It explains that a well-known dating app is changing ownership as part of a turnaround effort.

Bumble has agreed to be taken private by Ithaca Holdings in a $1.3 billion deal.1
The announcement was made on a Tuesday by the company.1
Bumble described the takeover as part of its months-long turnaround efforts.1

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