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Barchart
Barchart
Wajeeh Khan

A $1.3 Billion Reason Why Bumble Stock Is Soaring Today

Bumble BMBL Ithaca

Bumble (BMBL) shares soared on Tuesday morning after the dating-app company agreed to a $1.3 billion acquisition by Ithaca Holdings. The all-cash transaction offers Class A investors $6.05 per share and is set to take Bumble private upon completion. Following today’s rally, Bumble stock is trading at a fresh 52-week high.

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