ITHACA HOLDINGS TO TAKE BUMBLE PRIVATE

Ithaca Holdings agreed to take Bumble private in an all-cash deal worth $1.3 billion. The offer represents a 138% premium to Bumble's unaffected closing price on October 9, and a 119% premium to its 30-day volume-weighted average stock price over the same period. $BMBL shares had been trading well below both benchmarks before the announcement, underscoring how deeply the dating app's stock had been discounted.