Ithaca Holdings Acquires Bumble For $1.3 Billion Amid Declining Subscribers And Revenue

Bumble, founded in 2014 by Whitney Wolfe Herd, has agreed to be acquired by Ithaca Holdings in a $1.3 billion deal that will take the dating app company private. The acquisition follows declining subscribers and revenue, with second-quarter 2026 revenue falling 15.2% year over year to $211 million and paying users dropping 16.4% to approximately 3.2 million. Wolfe Herd will remain actively involved in the business as Bumble looks to revitalize growth through AI-powered features and in-person social experiences. FOUNDER: Whitney Wolfe Herd DEAL VALUE: $1,300,000,000 HQ: Austin, Texas #VentureCapital #Bumble #WhitneyWolfeHerd #IthacaHoldings #TradedVC