other material
confidence high
sentiment positive
materiality 0.55
Bumble to repurchase $100M of equity from Blackstone at $13.88 per share/unit
Bumble Inc.
- Repurchases 4,012,101 shares of Class A common stock and 3,192,146 partnership units from Blackstone entities.
- Aggregate purchase price of $100 million at $13.8807 per equity interest; closing expected by Dec 7, 2023.
- After repurchase, $143 million remains under existing share repurchase program.
- Blackstone is subject to lock-up restrictions until Bumble's Q4 2023 earnings announcement.