Post ID 74331

Andrey Andreev offers stake in Bumble owner to Blackstone, Whitney Wolfe Herd now CEO of $3B apps that are dating

Bumble, the profitable and popular dating and networking app built round the ethos of females calling the shots on what connections get made and developed, has produced deal for many freedom of the very very own, and its particular creator, Whitney Wolfe Herd, is coming from it as CEO of a level larger dating empire.

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Andrey Andreev, the creator of Badoo, the controversial London-based business that has a number of dating apps and ended up being the primary backer and builder of Bumble, is offering their whole stake in MagicLab, the business that owned both Bumble and Badoo (along with other dating apps), to Blackstone. He can move far from the company in the act, and Wolfe Herd, Bumble’s creator, becomes the CEO for the company that is whole retaining a lot of her stake into the commercial in the act. (more…)