Bumble Surges 56% on $1.3 Billion Take-Private Deal | Closing Bell

Bumble surged 56% on Tuesday after announcing a $1.3 billion take-private deal.

The deal, which is expected to close in the first half of 2023, will see Bumble's shares delisted from the NASDAQ stock exchange.

This move comes as Bumble continues to expand its dating app and explore new business opportunities.