# Ithaca Holdings acquisition of Bumble > Live situation record from CLSTR: https://clstr.news/situations/ithaca-holdings-acquisition-of-bumble > Updated: 2026-10-14T17:26:36.000Z. Sources: 33. Developments: 2. Bumble has entered into a definitive agreement to be acquired by Ithaca Holdings in an all-cash transaction valued at approximately $1.3 billion. The deal, which offers $6.05 per share, represents a significant premium over recent trading prices and will take the Austin-based dating app private. The acquisition follows a period of financial decline for Bumble. While the company was valued at approximately $14 billion during its 2021 Nasdaq debut, its market value had fallen to roughly $582 million prior to the announcement. This downturn was driven by declining revenue and a shrinking base of paying users, which decreased by 16.4% to 3.2 million in the second quarter. Shareholder approval for the buyout has been secured from founder Whitney Wolfe Herd and Blackstone, which holds about 14% of the company. Upon completion, Ithaca Holdings Co-CEOs Ravi Gupta and John Hegeman are expected to become Co-CEOs of Bumble, while Wolfe Herd is expected to remain actively involved. The transition to a private company is intended to allow the firm to focus on long-term strategy and AI-driven features away from public market scrutiny. ## Timeline ### 2026-10-14: Bumble to go private in $1.3 billion buyout by Ithaca Holdings Bumble will go private in a $1.3 billion deal with Ithaca Holdings as the dating app struggles with declining revenue and user fatigue among younger consumers. 4 sources. https://clstr.news/cluster/bumble-to-go-private-in-13-billion-buyout-by-ithaca-holdings ### 2026-10-12: Bumble to be acquired by Ithaca Holdings for $1.3 billion Dating app Bumble will go private in a $1.3 billion all-cash acquisition by Ithaca Holdings, following recent declines in revenue and paying users. 29 sources. https://clstr.news/cluster/bumble-in-advanced-talks-to-go-private-at-1-billion-valuation --- Cite as: Ithaca Holdings acquisition of Bumble. CLSTR, https://clstr.news/situations/ithaca-holdings-acquisition-of-bumble