Bumble founder Whitney Wolfe Herd explains $1.3B take-private deal

Bumble cofounder and CEO Whitney Wolfe Herd said selling the company to Ithaca Holdings for $1.3 billion was important for the longevity of its mission. She said public markets had treated Bumble poorly, with the stock falling to near $2.

• Ithaca Holdings is taking Bumble private in a $1.3 billion deal
• Bumble shares had fallen to near $2 on the public market
• Herd said the sale supports the company's long-term mission