In brief

  • Ithaca Holdings buys Bumble for $1.3 billion in an all-cash deal.

  • The $6.05-per-share offer is approximately 138% above the unaffected share price.

  • Former Meta and Sequoia founders are betting that AI will make relationships more valuable.

Read Phil Haunhorst’s original story, “What a $1.3 Billion Bumble Deal Says About Where AI Leaves Human Connection,” at nl.beincrypto.com