The merger agreement provides a clear exit path for Blackstone at a fixed cash price of $6.05 per share. Monitor shareholder vote and regulatory approvals; any delay or renegotiation risk would be negative. The termination of forward transactions removes overhang and simplifies the capital structure ahead of the deal close.
Price Chart
Executive Summary
Blackstone filed Amendment No. 13 to its Schedule 13D on Bumble Inc., reporting that Bumble entered into a definitive merger agreement on October 12, 2026, to be acquired by Ithaca Holdco, Inc. for $6.05 per share in cash. Blackstone, as a major stockholder, disclosed its ongoing beneficial ownership and the termination of certain forward transactions. This filing signals the culmination of Blackstone's activist campaign via a take-private transaction.
Key Financial Metrics
Key Facts
- Bumble entered into a merger agreement on October 12, 2026, to be acquired by Ithaca Holdco, Inc.
- Each share of Class A Common Stock will be converted into the right to receive $6.05 in cash.
- Blackstone entities collectively beneficially own 15,901,210 shares of Class A Common Stock, representing 12.0% of the class.
- Forward transactions terminated on October 13, 2026, with a final settlement price of $3.5923 per share.
- Blackstone and Whitney Wolfe Herd and her affiliates collectively may be deemed to beneficially own 38,524,694 shares, representing 25.1% of Class A Common Stock.
- As of October 13, 2026, 15,901,210 shares remain pledged under margin loan agreements with an outstanding principal of approximately $9,387,932.70.
Financial Impact
All-cash acquisition at $6.05 per share, representing a premium over the recent forward settlement price of $3.5923 per share. Total equity value implied by the merger is approximately $798 million based on 131,968,314 Class A shares outstanding.
Risk Factors
- Merger may be subject to regulatory approvals and stockholder approval; failure to close would be a significant negative.
- The $6.05 per share price may be viewed as inadequate by some shareholders, potentially leading to litigation or a higher bid.
- Blackstone's pledged shares and margin loan introduce financing complexity that could affect deal execution.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001193125-26-421973 |
| Document: 0001193125-26-421973-index.html | 0001193125-26-421973 |
| Document: 0001193125-26-421973.txt | 0001193125-26-421973 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | SC 13G | $5.95 $5.94 | ▼ −0.17% | ▲ +1.01% | $5.97 (+0.34%) |
Oct 19, 2026 7d ago | SC 13G | $5.96 $5.95 | ▼ −0.17% | ▼ −0.50% | $5.97 (+0.17%) |
Oct 14, 2026 12d ago | SC 13D/A | $5.93 $5.94 | ▲ +0.17% | ▲ +1.28% | $5.97 (+0.67%) |
Oct 14, 2026 12d ago | Insider Cluster | $5.93 $5.94 | ▲ +0.17% | ▲ +1.28% | $5.97 (+0.67%) |
Oct 14, 2026 12d ago | SC 13D/A | $5.93 $5.94 | ▲ +0.17% | ▲ +1.28% | $5.97 (+0.67%) |
Oct 13, 2026 13d ago | 8-K | $5.95 $5.97 | ▲ +0.34% | ▲ +1.42% | $5.97 (+0.34%) |
Oct 12, 2026 14d ago | Institutional Cluster | $3.80 $5.95 | ▲ +56.58% | ▲ +56.59% | $5.97 (+57.11%) |
Oct 6, 2026 20d ago | 144 | $2.50 $2.57 | ▲ +2.60% | ▲ +3.02% | $5.97 (+138.80%) |
Sep 30, 2026 26d ago | Insider Cluster | $2.55 $2.54 | ▲ +0.39% | ▲ +1.13% | $5.97 (−134.12%) |
Sep 30, 2026 26d ago | SC 13D/A | $2.55 $2.54 | ▼ −0.39% | ▼ −1.13% | $5.97 (+134.12%) |
US Market Status
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