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first_img Dating app Bumble will be acquired by Ithaca for $1.3 billion

On October 13, 2026, dating app Bumble Inc. (NASDAQ: BMBL) announced that it has reached a definitive agreement to be acquired by Ithaca Holdings, a holding company with a long-term investment in technology businesses, in an all-cash transaction valued at $1.3 billion. Common stockholders will receive $6.05 in cash for each share of Class A common stock, representing a premium of approximately 138% over the unaffected closing price on October 9, 2026, and a premium of approximately 119% over the volume-weighted average price as of that date.The special committee, with the assistance of independent legal and financial advisors, determined that the transaction is in the best interests of common stockholders and recommended that the board approve it. The board unanimously approved the transaction, with founder Whitney Wolfe Herd recusing herself from the deliberation and vote. A Blackstone affiliate and Wolfe Herd subsequently provided written consent to approve the transaction, constituting the required shareholder approval; shareholders will receive an information statement in accordance with Delaware law and federal securities laws.Upon completion, Ithaca co-CEOs Ravi Gupta and John Hegeman will serve as co-CEOs of Bumble and will work alongside Wolfe Herd. Bumble will be privatized, with offices in London, Austin, and New York City, and is expected to remain based in Austin. The company plans to file its third quarter Form 10-Q with the U.S. Securities and Exchange Commission by November 9, 2026, and will not issue an earnings press release or hold a conference call due to the transaction.

Financial Times: The White House is close to approving the TikTok US deal, with new investors including a16z and Blackstone Group

ChainCatcher news, according to the Financial Times, based on the terms of the deal, several informed sources revealed that a group of new external investors, including a16z, Blackstone Group, Silver Lake Partners, and other large private equity firms, will own about half of TikTok's U.S. business. These sources indicated that the U.S. business will be spun off from its parent company, ByteDance, based in Beijing.TikTok's existing major investors, including General Atlantic, Susquehanna, KKR, and Coatue, will also hold about 30% of the U.S. business.According to individuals involved in the process, these plans are still in the preliminary stages and may change. This was formulated ahead of the U.S. legal deadline on April 5, which requires that unless the Beijing owners sell to a non-Chinese entity, the app will be banned in the U.S.Officials from President Trump’s administration are scheduled to meet on Wednesday to discuss the negotiation status, with several individuals stating that if the president gives approval, the deal could be announced soon. A White House spokesperson stated, "If there is a statement regarding TikTok, it will be made by President Trump."One individual warned that the situation remains unstable, and the White House could still abruptly change plans. According to the terms of the deal, ByteDance will retain less than 20% of the business shares to comply with U.S. legislation, which stipulates that "foreign adversaries" cannot control more than one-fifth of the shares. Informed sources added that the plan will still require several months of further due diligence, structural adjustments, and other corporate financing commitments, which is typical in acquisition transactions, and the structure may change, with some equity supporters potentially increasing or decreasing their proposed investments. One individual stated that these groups will have three to four months to complete the divestiture process.
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