CNBC - Jan 23 - Badoo is seeking a sale that could value the company at $1.5B and reportedly hired J.P. Morgan Chase to help it find a buyer. Possible buyers include Match Group, non-U.S. based strategic buyers, and private equity buyers. Badoo is now owned by Russian entrepreneur Andrey Andreev and is also a majority owner of dating app Bumble (Badoo owned 79 percent of Bumble as of March 2016, according to TechCrunch).
by Alex Sherman & Leslie Picker
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Summarized by the IDEA team
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