US stocks: Bumble shares surge 52% on reports of $1 billion privatisation talks
Bumble is reportedly in advanced negotiations for a private acquisition by Ithaca Holdings, which values the company at approximately $1 billion.
This potential acquisition follows a decline in Bumble's market valuation, which was around $389 million recently.
Shares of Bumble saw a significant increase, which rose nearly 52% after the acquisition discussions became public.
The company is facing challenges in a competitive market, particularly with younger users disengaging.
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