TECH CRUNCH – Mar 28 – Two weeks ago Match Group sued Bumble for patent infringement and misuse of intellectual property. Bumble has now filing a separate lawsuit accusing Match of multiple improprieties in regards to interactions between the two companies over the past few months. The lawsuit acknowledges that Bumble and Match Group were in acquisition talks over the last 6 months. Bumble alleges that once Match Group found out there were other companies also interested in either investing in or acquiring Bumble, Match Group filed their aforementioned lawsuit to make Bumble less attractive to those other companies. Secondly, Bumble alleges that during the acquisition process Match Group fraudulently requested that Bumble provide "confidential and trade secret information" which Match Group said they "needed to provide a higher offer for Bumble". Bumble alleges that no subsequent offer came, and Match Group instead requested and obtained this information solely for "the financial benefit of its dating app businesses". The lawsuit requests relief in the form of monetary damages, which Bumble estimates at $400M.
by Fitz Tepper
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