Bumble is breaking up with the Nasdaq. According to a report from Reuters, the floundering dating app has accepted a $1.3 billion bid from Ithaca Holdings to go private, taking the company off the market as it and its many rivals struggle to figure out how to get Gen Zers and Gen Alpha to care about dating again.

Bumble is going private with 2 new co-CEOs. They'll be the first men to lead the "women-first" dating app since it went public.

Bumble is set to go private in a $1.3 billion deal. Founder Whitney Wolfe Herd is not leaving the company behind.

Bumble announced on October 13 that it had agreed to be acquired by technology investment firm Ithaca Holdings for $1.3 billion.

The jump pushed Bumble's stock market valuation to more than $580m but that is still far below their peak of more than $14bn.

Bumble surged nearly 50% in a single session on a report that the dating app could go private at a fraction of its 2021 launch valuation, but the deal structure leaves shareholders guessing whether they stand to gain anything at all.

BUMBLE is in advanced talks to be taken private by Ithaca Holdings in a deal valuing the dating app operator at roughly $1 billion, a source familiar with the matter told Reuters on Monday.

The dating app Bumble is being acquired by Ithaca Holdings for $1.3 billion, both companies announced today. Ithaca, which is newly formed, according to Bloomberg, will also pay out Bumble's common shareholders $6.