other material
confidence high
sentiment neutral
materiality 0.50
Bumble repurchases $50M in shares and units from Blackstone at $11.0968 each
Bumble Inc.
- Repurchased 2,509,316 Class A shares from Blackstone entities for ~$27.8M at $11.0968/share.
- Bumble Holdings repurchased 1,996,487 units (exchangeable for Class A shares) for ~$22.2M at same price.
- Transaction funded under existing $72.9M remaining share repurchase authorization; closes by March 7, 2024.
- Special committee of independent directors (excluding Blackstone affiliates) approved the deal.
- Total repurchase price $50.0M; price per equity interest $11.0968.