Bumble to be acquired by Ithaca for $6.05/share, a 138% premium, in $1.3B take-private

Bumble Inc.

• Class A holders get $6.05 cash per share, a 138% premium to the Oct 9, 2026 unaffected close and 119% to the 30-day VWAP.
• Class B shares convert to $0.000001 cash; Opco units receive the $6.05-$0.000001 spread. Options cancelled for no consideration; vested RSUs cashed out.
• Founder/CEO Whitney Wolfe Herd and Beehive Holdings signed a rollover agreement to contribute shares to Oak Topco instead of receiving $6.05; Wolfe Herd recused from board vote.
• Affiliates of Blackstone and Wolfe Herd delivered written consent approving the merger, providing required shareholder approval; Ithaca Co-CEOs Ravi Gupta and John Hegeman will become Bumble Co-CEOs.
• Either party can terminate after July 12, 2027; Bumble termination fee is $29M and Ithaca parent termination fee is $102M, escrowed by Oct 19, 2026.