Blackstone to Take Majority Stake in MagicLab, Owner of Bumble and Badoo, at $3 Billion Valuation
November 08, 2019
November 08, 2019
NEW YORK, Nov. 8 -- Blackstone, an investment firm, issued the following news release:
Blackstone (NYSE:BX) announced today that funds managed by Blackstone ("Blackstone") are taking a majority stake in MagicLab, which builds and operates leading dating and social networking apps, including Bumble and Badoo. The transaction values the company at approximately $3 billion.
Founded in 2006 by Andrey Andreev, MagicLab helped invent how people meet in the modern, m . . .
Blackstone (NYSE:BX) announced today that funds managed by Blackstone ("Blackstone") are taking a majority stake in MagicLab, which builds and operates leading dating and social networking apps, including Bumble and Badoo. The transaction values the company at approximately $3 billion.
Founded in 2006 by Andrey Andreev, MagicLab helped invent how people meet in the modern, m . . .