Bumble has agreed to a $1.3 billion deal to go private, ending its run as a publicly traded company after years of declining business performance.

Under the agreement, shareholders will receive $6.05 per share in cash. The offer represents a 138 percent premium over Bumble’s closing share price on October 9.

Bumble was founded in 2014 by Whitney Wolfe Herd and became popular for its dating platform, which allows women to make the first move in heterosexual matches. The company went public in 2021 with a valuation of around $14 billion.

However, the dating app has since faced difficulties attracting and retaining paying users, putting pressure on its revenue and stock price.

In the second quarter of 2026, Bumble reported 3.2 million paying users, down 16.4 percent from a year earlier. Revenue also fell 15.2 percent year-on-year to $211 million.

The company has been working to improve its performance through product changes and artificial intelligence-powered features. Despite these efforts, its declining user base has remained a challenge.

The deal with Ithaca Holdings will take Bumble out of the public market, allowing it to pursue its business strategy under private ownership. The transaction remains subject to the required closing conditions.

The proposed buyout comes five years after Bumble’s stock market debut, when investors valued the company at approximately $14 billion.