Bumble, a dating app that forces women to make the first move, reportedly turned down a $450 million acquisition offer
Whitney Wolfe
According to a report from Forbes' Clare O'Connor, Match offered $450 million for the 3-year-old startup about two months ago. Bumble rejected the offer.
Bumble was founded by Whitney Wolfe, a cofounder of Tinder who left in 2012 and filed a sexual harassment suit against the company. Wolfe later settled out of court.
Forbes points out that because Wolfe previously filed suit against not only Tinder, but Match.com and IAC as well, she would have been working for the same company she sued had Bumble accepted the buyout.
Bumble differentiates itself from other dating apps by having a focus on women. While it has a similar swiping format as Tinder, women are forced to make the first move. They have 24 hours to message a match, otherwise the match disappears.
Wolfe cofounded Bumble with Andrey Andreev, the cofounder of dating website Badoo. According to TechCrunch, Badoo is the majority owner of Bumble. Bumble's current valuation is unknown.
Bumble declined to comment on the report.
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market