Shares in dating company Bumble rose sharply after a report said the firm was involved in takeover talks worth about $1bn.
The reported discussions prompted a significant increase in Bumble’s stock market valuation, taking it above $580m. The available information does not identify a potential buyer or provide details about the stage or terms of the talks.
Despite the rise, Bumble’s valuation remains substantially below its previous peak of more than $14bn. The contrast highlights the company’s marked decline in market value from its earlier high, even as investors responded positively to the takeover report.
No further details about the negotiations or their possible outcome have been provided. The talks may not necessarily lead to a completed deal.
