US Stocks: Dating app Bumble shares surge 52% on talks to go private at $1 billion valuation
Bumble is in advanced talks to be taken private by Ithaca Holdings in a deal that values the dating app operator at roughly $1 billion, a source familiar with the matter told Reuters on Monday.
Shares of Bumble rose around 52% to $3.86. Reuters exclusively reported earlier this year that Bumble is exploring a sale amid slowing growth in the online dating sector.
