TECH CRUNCH - Sep 24 - Bumble is officially serving the papers in the suit against Match Group. Bumble had said in March it was filing a suit of $400M against Match Group for fraudulently obtaining trade secrets, following Match's suit filed only weeks before, which had claimed patent infringement and misuse of intellectual property. Bumble and Match Group had tried to come to some sort of settlement over the months since the lawsuits were filed. But with court papers now being served, it appears that's not going to be the case. In terms of how this suit will impact Bumble, Wolfe said, "we're focused on our growth. We're focused on ending misogyny, and we're actively pursuing an IPO."
by Sarah Perez
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Summarized by the IDEA team
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