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# Bumble Agrees To $6.05-A-Share Take-Private Deal As Paying Users Keep Falling
- URL: https://www.bullished.co/bumble-agrees-to-6-05-a-share-take-private-deal-as-paying-users-keep-falling-a0b1d867/
- Published: 2026-11-04T22:37:59.000Z
- Updated: 2026-11-04T22:37:59.000Z
- Description: The dating-app company's all-cash sale to Ithaca Holdco is valued at about $1.3 billion, with a $29.0 million termination fee in play.
- Author: Matteo Parrino
- Tags: Deals, BMBL, Industry: Communication Services

[Bumble](https://www.bullished.co/tag/bmbl/), which runs the Bumble, Badoo and BFF dating and friendship apps, agreed on October 12 to be bought by Ithaca Holdco for [$6.05 a share in cash](https://www.sec.gov/Archives/edgar/data/0001830043/000183004326000123/bmbl-20260930.htm?ref=bullished.co), a deal it values at about $1.3 billion, according to its quarterly report filed Wednesday. The board has approved the deal and the requisite stockholder approval is already in hand.

## Terms and the exit clock

The $6.05 payout excludes dissenting, cancelled and rollover shares. After closing, Bumble goes private and its Class A stock leaves public trading.

Bumble would owe Ithaca a $29.0 million termination fee if the agreement ends under specified circumstances, the risk factors say. Either side can also walk if the merger has not closed by 5:00 p.m. Eastern on July 12, 2027.

Among the closing conditions are expiry of the antitrust waiting period and the mailing of a Schedule 14C information statement followed by 20 days. The company's market value was $799 million in Wednesday's report.

In a related step, an entity affiliated with the Founder exchanged 21.2 million Common Units for Class A shares on October 12\. That cut the noncontrolling stake in Bumble Holdings from 13.8% at September 30 to less than 0.1%.

## Another quarter of shrinking payers

Bumble App paying users fell 15.1% to 2.0 million in the third quarter, after a [16.9% decline to 2.1 million](https://www.sec.gov/Archives/edgar/data/0001830043/000183004326000104/bmbl-20260630.htm?ref=bullished.co) in the second quarter. Average revenue per paying user on the app slipped 0.9% to $28.02.

Revenue was $207.1 million against $246.2 million a year earlier. Net earnings were $31.6 million, down from $51.6 million, and adjusted EBITDA was $60.5 million against $83.1 million.

For the first nine months, revenue was $630.0 million versus $741.5 million, and the net loss was $43.6 million, including a $169.3 million impairment charge.

## Write-downs and costly debt

The impairments, $129.3 million on goodwill and $40.0 million on indefinite-lived brands, came after what the company called a sustained stock-price decline. The tests used a 30.0% discount rate, up from 18.5% in the fourth quarter of 2025 and 14.0% in mid-2025.

In April, Bumble refinanced into a term loan priced at Term SOFR plus 8.0%. The rate in effect at September 30 was 11.69% on $460.2 million outstanding, against 7.17% and 7.67% on the prior loans a year earlier.

The company warns the pending deal could hurt it whether or not it closes, including if members leave over a negative view of the merger.

The deal's outside date is July 12, 2027, and until it closes Bumble says it will keep running its existing growth strategy.

### Sources

- [10-Q Filing — Bumble (BMBL)](https://www.sec.gov/Archives/edgar/data/0001830043/000183004326000123/bmbl-20260930.htm?ref=bullished.co) — SEC EDGAR
- [10-Q Filing — Bumble (BMBL), Q2 FY2026 filed 2026-08-06 (comparison basis)](https://www.sec.gov/Archives/edgar/data/0001830043/000183004326000104/bmbl-20260630.htm?ref=bullished.co) — SEC EDGAR
- [Bumble Inc. (NASDAQ:BMBL) : Articles :: Law360](https://www.law360.com/companies/bumble-inc?article%5Frelated%5Fcontent=1&ref=bullished.co) — law360.com
- [Swipe fees: Dating apps can cost up to $600 a year, report finds](https://www.silive.com/nation/2026/11/swipe-fees-dating-apps-can-cost-up-to-600-a-year-report-finds.html?ref=bullished.co) — silive.com
- [Gen Z singletons warm up to dating apps, but wary of AI playing Cupid](https://www.news24.com/business/tech/gen-z-singletons-warm-up-to-dating-apps-but-wary-of-ai-playing-cupid-20261031-0767?ref=bullished.co) — news24.com
- [Private Equity : Law360 : Legal News & Analysis](https://www.law360.com/privateequity/news?nl%5Fpk=65df4614-2fd8-40b9-9b9e-d5be4ad05d9f&page=6&ref=bullished.co) — law360.com
- [October M&A wrap: Bumble goes private, Gameto acquired at $1.4B valuation - Austin Business Journal](https://www.bizjournals.com/austin/news/2026/11/04/texas-atx-tech-mergers-acquisitions-october.html?ref=bullished.co) — bizjournals.com

### More on Bumble

- [Glazer Capital Reports 7.1% Passive Bumble Stake, 9,427,481 Shares, Ahead Of $6.05-A-Share Buyout](https://www.bullished.co/glazer-capital-reports-7-1-passive-bumble-stake-9-427-481-shares-ahead-of-6-05-a-share-090d9902/)
- [Hilary Shane Reports 5.1% Passive Stake In Bumble, Most Of It Held Through ODS Capital](https://www.bullished.co/hilary-shane-reports-5-1-passive-stake-in-bumble-most-of-it-held-through-ods-capital-30edd2bb/)
- [Bumble Founder Wolfe Herd To Keep Half Her Class A Stake In $6.05-A-Share Take-Private](https://www.bullished.co/bumble-founder-wolfe-herd-to-keep-half-her-class-a-stake-in-6-05-a-share-take-private-0fbf22f8/)

[All Bumble (BMBL) coverage →](https://www.bullished.co/tag/bmbl/)