BUZZ-Bumble set to surge to a record high as Ithaca Holdings nears privatization deal

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October 12 - ** Dating app operator Bumble (BMBL.O)'s share price surged 52% to $3.86; if maintained, it is set to record the biggest single-day gain ever

** Reuters, citing a source familiar with the matter, reported that Bumble is in advanced talks with Ithaca Holdings regarding privatization (link), with the deal valuing Bumble at about $1 billion

** Bumble and Ithaca Holdings have not immediately responded to Reuters' request for comment

** Earlier this year, Reuters exclusively reported that with the slowdown in the online dating industry, Bumble was exploring a sale (link)

** As of last Friday's close, Bumble's market value (link) was about $389 million

** Including today's gain, BMBL is up 9.2% so far this year

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