Dating app Bumble in talks to go private for $1B amid struggles and declining users

Bumble, the dating app founded by Whitney Wolfe Herd, is in advanced talks to be acquired by Ithaca Holdings for about $1 billion, a steep drop from its $14 billion valuation at its 2021 IPO. The company has faced declining revenue and a shrinking number of paying users, with Q2 revenue down 15.2% and paying users falling 16.4%. Wolfe Herd, who returned as CEO in March 2025, is expected to stay involved and retain part of her ownership. The deal could close soon but is not guaranteed, and Bumble has taken steps like dropping its women-initiate-chat rule and cutting 30% of its workforce to try to revive growth.

Bumble's stock price surged by 53.54% to USD 3.90 on Pluang, reflecting heightened market activity around the potential $1 billion take-private deal. The company's market cap stands at $333.88 million as of Oct 13, 2026 05:41 WIB.