Match Group Makes an Offer to Acquire Bumble
- Thursday, September 07 2017 @ 09:46 am
- Contributed by: kellyseal
- Views: 1,087
Online dating corporation Match Group was reported to have made an offer to purchase dating app Bumble for $450 million this summer, according to a report by website Tech Crunch.
Match Group is the parent company to a number of dating apps, including popular Bumble competitors Match, Plenty of Fish, OkCupid and Tinder. It seems Bumble hasn’t accepted the offer, which is understandable since some analysts value the company at almost a billion dollars.
Bumble has a rocky history with Match Group as well, which could play a part in any decision about an acquisition. Bumble’s founder and CEO Whitney Wolfe sued Tinder and IAC in 2014, (when Match Group was a part of IAC). Wolfe was one of the co-founders of Tinder, and brought a sexual harassment lawsuit against her ex-boyfriend Justin Mateen, who also happened to be one of Tinder’s co-founders and the CMO. Wolfe accused him of sending her “sexist, racist, and otherwise inappropriate comments, emails, and text messages” following their very public breakup. The two parties settled out of court for an undisclosed amount, with neither side admitting any wrongdoing.




