Bumble Inc. to Be Acquired by Ithaca Holdings, the Long-Term Holding Company for Enduring Technology Businesses

Ann Mather, Chair of Bumble’s Board of Directors and Chair of the Special Committee

“The Special Committee was formed to conduct an independent review of strategic alternatives to maximize value for our public and unaffiliated shareholders. Supported by independent legal and financial advisors, the Committee thoroughly evaluated all available paths and determined that this transaction with Ithaca represents the best outcome for our shareholders. We appreciate the management team’s collaboration throughout our evaluation process.”

Whitney Wolfe Herd, Founder and CEO of Bumble

“Bumble was founded on a simple belief: meaningful relationships are essential to a healthy, happy life. Today, that belief feels more important than ever.”

Whitney Wolfe Herd, Founder and CEO of Bumble

“I am incredibly grateful to the entire Bumble team, whose dedication and belief in our mission have made this company what it is today. In Ithaca, we have found a partner who shares our vision, believes in our women-first mission, and is committed to investing in Bumble’s future. I am grateful to the Special Committee for their thoughtful work and am pleased to support this transaction based on the Board’s recommendation.”

Whitney Wolfe Herd, Founder and CEO of Bumble

“As Bumble’s Founder, my belief in this company and its potential to positively impact people around the world has never been stronger. That is why I will remain actively involved with Bumble. I believe deeply in Bumble’s future, and I look forward to working alongside Ravi, John, and the Bumble team as we continue to innovate, create meaningful connections, and write the next chapter of Bumble’s story. I truly believe the best is yet to come.”

Ravi Gupta, Co-Founder and Co-CEO of Ithaca Holdings

“Technology should work in service of our deepest source of fulfillment, human connection, and this investment is a bet on the future of humanity. People and societies will always need connection, relationships, love, and family, and we are excited to build on Bumble’s legacy and share its mission with the next generation of members.”

John Hegeman, Co-Founder and Co-CEO of Ithaca Holdings

“Technology should work in service of our deepest source of fulfillment, human connection, and this investment is a bet on the future of humanity. People and societies will always need connection, relationships, love, and family, and we are excited to build on Bumble’s legacy and share its mission with the next generation of members.”

Ravi Gupta, Co-Founder and Co-CEO of Ithaca Holdings

“Bumble has a unique combination of essential attributes, including its trusted brand and loyal community. As technology and dating habits evolve, we see huge potential to take it into the next era together, building on the foundation Whitney and the talented Bumble team have built. Whitney has a clear vision and strong principles, and we’re grateful for her partnership as we carry her mission forward together.”

John Hegeman, Co-Founder and Co-CEO of Ithaca Holdings

“Bumble has a unique combination of essential attributes, including its trusted brand and loyal community. As technology and dating habits evolve, we see huge potential to take it into the next era together, building on the foundation Whitney and the talented Bumble team have built. Whitney has a clear vision and strong principles, and we’re grateful for her partnership as we carry her mission forward together.”