Ithaca Holdings to Acquire Bumble for $1.3 Billion; BMBL Shares Surge 56%

Key Facts

1Ithaca Holdings agreed to acquire Bumble for $6.05 per share in cash, valuing the transaction at approximately $1.3 billion.

2Bumble shares surged 56.6% to $5.95 following the announcement of the acquisition deal.

3Enerflex shares gained 14.4% after securing a contract to supply power-generation equipment for a North American data-center project.

Ithaca Holdings agreed to acquire Bumble for $6.05 per share in cash, valuing the transaction at approximately $1.3 billion. Financial Modeling Prep reported that Bumble shares surged 56.6% to $5.95 following the announcement of the definitive acquisition agreement.

BMBL closed at $3.8 on October 12, 2026, prior to the rally. Meanwhile, Enerflex shares gained 14.4% after securing a contract to supply over one gigawatt of power-generation equipment for a North American data-center project; EFXT closed at $24.08 on October 12, 2026.