Bumble Inc. (BMBL): M&A transaction — Bumble acquires Geneva Technologies for ~$17M in cash

Bumble Inc.

Acquisition of pre-revenue social networking platform Geneva closed July 1, 2024.
Purchase price ~$17M cash; acquired company had ~160 stockholders.
Key personnel retention and employment agreements executed.
SEC granted waiver from Rule 3-05; no financial statements provided.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Bumble Inc. completed an acquisition involving Geneva Technologies, Inc. for approximately $17 million in cash (closed 2024-07-01).

Action: acquisition
Counterparty: Geneva Technologies, Inc.
Consideration: approximately $17 million in cash
Closing: 2024-07-01

Exact text from the filing

On July 1, 2024, Bumble Inc. (“Bumble”) completed the acquisition by merger (the “Acquisition”) of the outstanding capital stock of Geneva Technologies, Inc. (the “Acquired Business”), a privately held company with approximately 160 stockholders, for an aggregate purchase price of approximately $17 million in cash, subject to specified purchase price adjustments.

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Source: SEC EDGAR

accession 0000950170-24-079726

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