New Delhi, Oct. 14 -- Dating app operator Bumble Inc. will be acquired by Ithaca Holdings in an all-cash deal valuing the company at USD 1.3 billion, as the platform looks to rebuild its business amid declining paying users and prolonged revenue pressure.

Under the definitive agreement announced on Tuesday, Bumble shareholders will receive USD 6.05 per share, representing a 138 per cent premium to the stock's closing price on October 9, 2026. The transaction will take Bumble private, with the company expected to remain based in Austin, Texas, and maintain offices in London, Austin and New York.

Bumble founder and Chief Executive Officer Whitney Wolfe Herd will remain actively involved in the business after the acquisition. Ithaca co-CEO...