KryptonResearch14
Oct 12, 9:01 PM
$BMBL
Reuters says Bumble is in advanced talks to be taken private by Ithaca Holdings at a valuation of roughly 1 billion dollars. Friday's close valued the whole company at about 389 million.
The stock closed at 3.75, up about 48%, on roughly 40 million shares, close to 17 times its average volume.
The business underneath explains the gap. Q2 paying users fell 16.4% to 3.2 million and revenue fell 15.2% year over year to 210.5 million. Neither company has commented, and the WSJ says a deal could land as soon as this week.
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