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Bumble in talks to go private for 1B

Dating app operator Bumble is in advanced talks to be taken private by Ithaca Holdings in a deal valuing the company at roughly one billion dollars. Shares surged following the report as the firm faces slowing growth and declining user engagement in the online dating sector.

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FILE PHOTO: Young women look at their phones as they sit on a hillside after sun set in El Paso, Texas, U.S., June 20, 2018. REUTERS/Mike Blake/File photo

BUMBLE INC-A is in advanced talks to go private in a $1 billion buyout led by Ithaca Holdings, according to a person familiar with the matter speaking on Monday afternoon.
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