Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Tech · Services-Computer Programming, Data Processing, Etc.

Ithaca Holdings to acquire Bumble Inc.

Announced Oct 13, 2026 · Announced

Deal value$1.30BEV $1.30B
Premium138.0%To unaffected price
EV / Adj. EBITDA—1.5x EV / Revenue
ConsiderationAll cash$6.05 per share

Transaction

Acquirer
Ithaca Holdings
Target
Bumble Inc. (BMBL)
Buyer type
Strategic
Offer price per share
$6.05
Enterprise value
$1.30B
Status
Announced

Deal protections

Break fee (target pays)
$29.0M · 2.2%
Reverse fee (buyer pays)
$102M · 7.8%
Go-shop
No-shop
Financing
—

Advisors

To the acquirer
Not disclosed
To the target
Goldman Sachs, Morgan Stanley

Sector context · Tech

Comparable deals
68 in the prior 24 months
Premium
138.0% vs. 40.8% sector median
EV / Adj. EBITDA
Sector median 15.4x
Break fee
2.2% vs. 3.0% sector median

Timeline

  1. AnnouncedOct 13, 2026
  2. ClosedPending
Sources
  • 8-K (EX-99) · Oct 13, 2026
  • 8-K · Oct 13, 2026

Adj. EBITDA is operating income + D&A + impairment, restructuring, deal costs and stock compensation, less any large gain on a sale, last twelve months, from the target's filings. Calculated by Castle, so it can differ from a bank's adjusted figure.

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.