Bumble in advanced talks to go private at ~$1B valuation

Bumble is in advanced talks to be taken private at a valuation of about $1 billion. The buyer is Ithaca Holdings, a firm recently founded by two Silicon Valley executives. Founder Whitney Wolfe Herd is expected to stay involved with the company as part of the deal.

• Bumble could go private at a valuation of about $1 billion
• Buyer is Ithaca Holdings, recently founded by two Silicon Valley execs
• Founder Whitney Wolfe Herd expected to stay involved