In brief

  • Ithaca Holdings is acquiring Bumble in an all-cash deal valued at $1.3 billion.

  • The offer of $6.05 per share is about 138% above the unaffected price.

  • Former Meta and Sequoia founders believe AI will increase the value of human relationships

Read the original story, “What the $1.3 Billion Bumble Deal Says About Where AI Leaves Human Connection,” by Phil Haunhorst on fi.beincrypto.com