BEST STOCKS – On Dec 4, 2023, Bumble Holdings repurchased 3,192,146 limited partnership interests and 4,012,101 shares of Class A common stock from Blackstone for a total of $100M. This transaction, part of a larger agreement, aims to stabilize Bumble's stock prices and is set to close on Dec 7, 2023, under lock-up restrictions until Bumble's Q4 earnings announcement. On the same day, Bumble's stock showed a lackluster performance in the market, despite the company reporting revenue growth and a recovery in net loss for the Q3 2023.
by Elaine Mendonça
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