India, Oct. 13 -- Shares of Bumble (BMBL) surged 56% on Tuesday morning after the dating platform agreed to be acquired by Ithaca Holdings in an all-cash transaction valued at approximately $1.3 billion, offering shareholders $6.05 per share.

The stock is currently trading at $5.94, up $2.14 or 56.18%, on the Nasdaq. It opened at $5.97 after closing the previous session at $3.80. The stock has traded between $2.44 and $5.98 over the past 52 weeks.

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