BUSINESSWIRE - Bumble, the parent company of Bumble, Badoo, and Fruitz, has announced that some of its shareholders will sell 12.5M shares of the company's Class A common stock to the public. The selling shareholders are affiliated with Blackstone, a private equity firm, and Whitney Wolfe Herd, the founder of Bumble. Bumble itself will not be selling any shares in this offering and will not receive any of the money from the sale. Bumble shares declined more than 7% today following this announcement.
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Bumble Stock Falls as CEO and Blackstone Plan to Sell Shares
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