We are advising the special committee of Bumble’s board of directors on the transaction

Davis Polk is advising the independent special committee of the board of directors of Bumble Inc. on Bumble’s $1.3 billion sale to Ithaca Holdings in an all-cash transaction. Upon closing, Bumble will operate as a privately held company.

Bumble Inc. is the parent company of Bumble, Badoo and BFF. The Bumble platform brings people closer to love by enabling them to build healthy relationships. Founded in 2014 by Whitney Wolfe Herd, Bumble was one of the first dating apps built with women at the center and connects people across dating (Bumble Date) and friendship (BFF). Badoo, founded in 2006, was one of the pioneers of web and mobile dating products. BFF is a friendship app made to help you find your people.

Ithaca is a holding company for enduring, market-leading technology businesses. It combines frontier technology with operating expertise to renew established companies and unlock their long-term potential. Its mission is to use frontier technology to build products and businesses that not only create lasting value but meaningfully enrich people’s lives.

The Davis Polk corporate team includes partner Daniel Brass, counsel Saagar Kaul and associates Leah Shatkin and Narda Esther Vasquez Arancibia. Partner Jennifer S. Conway and counsel Justin Alexander Kasprisin are providing executive compensation advice. Partner William A. Curran and counsel Ziyuan (Constance) Zhang are providing tax advice. Partners Howard Shelanski and Matthew Yeowart are providing antitrust and competition advice. Members of the Davis Polk team are based in the New York, Washington DC and London offices.

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