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Bumble stock rises on takeover talks
Shares of Bumble surged nearly 50% after reports indicated it is in advanced talks to be acquired by technology holding company Ithaca for around $1 billion. The potential deal could be announced soon, but Bumble’s market valuation remains significantly below its 2021 peak. The company, founded in 2014 by Whitney Wolfe Herd, is a leading dating app that has faced slowing growth and industry challenges, including layoffs and shifting user behaviors.
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