Kirkland Advises Ithaca Holdings on $1.3 Billion Acquisition of Bumble Inc.
Kirkland & Ellis advised Ithaca Holdings on a definitive agreement to acquire Bumble Inc. (Nasdaq: BMBL) for $1.3 billion. Under the terms of the agreement, Bumble common shareholders will receive cash consideration of $6.05 per share of Class A common stock, representing an approximately 138% premium to the unaffected closing share price on October 9, 2026. Ithaca is a holding company for enduring, market-leading technology businesses. Ithaca’s mission is to apply frontier technology to renew and accelerate businesses that enrich people’s lives and create lasting value in a world transformed by AI. Upon closing, Ithaca co-CEOs, Ravi Gupta and John Hegeman will become co-CEOs of Bumble.
Read the transaction press release
The Kirkland team included corporate lawyers Edward Lee, Lee Blum, John Sheridan, Stephanie Barbanell, Lilly Rohan, Matisse Rogers, Logan Zhu, Vlad Kroll, Ari Levi, Michael White, Jane Tianzhen Guo and Chris Kenefick; executive compensation lawyers Rohit Nafday, Anthony Ji, Katie Uszakiewicz and Matthew Mutino; debt finance lawyers Adam Shapiro and Conor O'Muiri; technology & IP transactions lawyers Seth Traxler and Abby O'Neill; tax lawyers Devin Heckman and Stephen Nye; antitrust & competition lawyers Andrea Murino and Mackenzie Pike; international trade & national security lawyers Lucille Hague, Justin Schenck and Joyce Song; employee benefits lawyers Justin Coddington and Mackenzie Packard; employment & labor lawyers Jackie Heffernan and Maayan Sachs; litigation lawyers Sandra Goldstein, Yosef Schaffel and William Pruitt; and capital markets lawyers Joshua Korff and Jennifer Lee.
