AssetID: 56086273
Headline: UNCAPTIONED: Bumble Shares Soar On Report Of $1bn Takeover Talks
Caption: Bumble Shares Soar On Report Of $1bn Takeover Talks. Shares in dating app company Bumble soared by almost 50% after reports that the firm is in advanced takeover talks. The Wall Street Journal reported that technology holding company Ithaca could announce a deal to buy the Texas-based business for around $1 billion as early as this week. The share-price surge pushed Bumble's market value above $580 million, although that remains far below the more than $14 billion valuation it reached following its Nasdaq debut in 2021. Founded by Whitney Wolfe Herd in 2014, Bumble became known for allowing only women to initiate conversations with matches. The company recently abandoned that rule, saying users wanted greater flexibility and less pressure. Bumble remains one of the world's most downloaded dating apps but operates in an increasingly competitive market where growth has slowed. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,bumble,dating app,shares,soar,report,$1bn,takeover,talks,Texas-based,The Wall Street Journal,technology holding company,Ithaca,announce,deal,market value,share-price surge
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