Bumble shares soar after report dating firm in 1bn takeover talks

Shares in dating app company Bumble soared by almost 50% on Monday after a report that it is in advanced talks to be bought for around $1bn (£757m). Technology holding company Ithaca could announce a deal to buy the Texas-based firm as early as this week, according to the Wall Street Journal. The jump in Bumble's shares pushed its stock market valuation to over $580m but that is still far below a peak of more than $14bn it reached after listing on the Nasdaq in 2021 . Bumble is one of the world's most downloaded dating apps, operating in a crowded market where growth has slowed. The BBC has contacted Bumble and Ithaca for comment.