Bumble agrees a £980m takeover deal, sending its shares up 57% overnight

Summary

Shares in Bumble soared after a report that the dating firm was in $1bn takeover talks, BBC News reported on Tuesday 13 October, the jump pushing Bumble's stock market valuation to more than $580m, still far below a peak of more than $14bn. On Wednesday 14 October, the Evening Standard and The Independent reported that Bumble had agreed a £980 million takeover deal, in a 'bet on future of humanity', and that shares in the group jumped 57% overnight after the deal was announced.

Latest: Bumble agreed a £980 million takeover deal, in a 'bet on future of humanity', and shares in the group jumped 57% overnight after the deal was announced, the Evening Standard and The Independent reported.

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