Simpson Thacher is representing Blackstone in Bumble Inc.’s announced acquisition by Ithaca Holdings in an all-cash transaction valuing the Company at $1.3 billion. Under the terms of the agreement, Bumble common shareholders will receive cash consideration of $6.05 per share of Class A Common Stock, representing an approximately 138% premium to the unaffected closing share price on October 9, 2026, and a premium of approximately 119% to the 30-day volume weighted average price as of October 9, 2026. The transaction is expected to close in the first quarter of 2027, subject to customary closing conditions.
Bumble, founded in 2014 and headquartered in Austin, TX, is a developer of a location-based dating application that facilitates connections for dating and friendships. The company has 1,200 employees and operates two main apps, Bumble and Badoo, generating revenue through subscriptions and in-app purchases.
The Simpson Thacher team includes Anthony Vernace and Mark Myott (M&A); Will Golden, Katharine Thompson and Samantha Sergent (Capital Markets); James Rapp and Brandon Adoni (Public Company Advisory Practice); Mimi Cheng (Banking and Credit); and Jonathan Lindabury, Marc Langer and Ruben Aguirre (Derivatives).