# Ithaca Holdings > Source: https://www.datingindustryinsights.com/companies/ithaca-holdings | Publisher: Dating Industry Insights (High Intent Media Inc) | Last checked: 2026-10-20 **In short:** Ithaca Holdings is a technology investment holding company co-founded and run by co-chief executives Ravi Gupta and John Hegeman. On 13 October 2026 it agreed to take Bumble private in an all-cash deal worth about $1.3 billion, at $6.05 a share. Gupta and Hegeman are due to become Bumble's co-CEOs when the deal closes. ## Key facts - Type: Investor - Headquarters: United States - Founders: Ravi Gupta, John Hegeman - Acquisition: Bumble Inc. agreed to a roughly $1.3 billion all-cash take-private by Ithaca Holdings at $6.05 per share, a 138 per cent premium to its 9 October 2026 closing price (2026-10-13) [source](https://www.globaldatinginsights.com/featured/bumble-ithaca-holdings-1-3-billion-acquisition/) - Founder: Ithaca Holdings was co-founded by Ravi Gupta and John Hegeman, who are its co-chief executives (2026-10-13) [source](https://www.expressandstar.com/uk-news/bumble-taken-over-for-ps980m-in-bet-on-future-of-humanity-9286223) - Fact: Ithaca Holdings is a technology investment holding company that plans to use AI and operational expertise to support the growth of established technology businesses (2026-10-13) [source](https://www.globaldatinginsights.com/featured/bumble-ithaca-holdings-1-3-billion-acquisition/) - Role: Gupta and Hegeman will become Bumble's co-CEOs at closing; Whitney Wolfe Herd will remain involved and Bumble is expected to stay based in Austin (2026-10-13) [source](https://dealroom.co/news/162063-bumble-to-go-private-in-1-3b-all-cash-deal-with-ithaca-holdings) - Fact: Affiliates of Blackstone and Whitney Wolfe Herd approved the Bumble deal by written consent; completion remains subject to closing conditions including any required regulatory approvals (2026-10-13) [source](https://www.globaldatinginsights.com/featured/bumble-ithaca-holdings-1-3-billion-acquisition/) - Fact: DII reported Ithaca as the acquirer in Bumble's $1.3 billion take-private (2026-10-13) [source](https://www.datingindustryinsights.com/news/bumble-agrees-1-3b-sale-ithaca-holdings) ## About Ithaca Holdings is a technology investment holding company that says it applies frontier technology to renew established businesses in a world transformed by AI. It is co-founded by Ravi Gupta and John Hegeman, who are also its co-chief executives. The Press Association describes it as a US investment firm. Its investors and financing structure have not been disclosed in the coverage reviewed. On 13 October 2026 Bumble Inc. announced that it had agreed to be acquired by Ithaca in an all-cash take-private valued at about $1.3 billion. Shareholders are to receive $6.05 per share, a 138 per cent premium to Bumble's closing price on 9 October and a 119 per cent premium to its 30-day volume-weighted average price. An independent board committee recommended the deal and the board approved it unanimously, with founder Whitney Wolfe Herd abstaining. Affiliates of Blackstone and Wolfe Herd gave the required shareholder approval by written consent. Completion depends on closing conditions, including any required regulatory approvals. At closing Gupta and Hegeman are to become Bumble's co-CEOs, while Wolfe Herd remains involved. Bumble is expected to stay headquartered in Austin, with offices in London and New York. DII has followed the deal through several stories, including Bumble's launch of searchable Handles a day later. ## Stories about Ithaca Holdings - [Bumble shares more than double to $5.95 on Ithaca takeover](https://www.datingindustryinsights.com/news/bumble-shares-more-than-double-ithaca-take-private-deal) (2026-10-19) - [Bumble payers fall 16.4% as revenue per payer rises, TechRound says](https://www.datingindustryinsights.com/news/bumble-payers-fall-16-4-revenue-per-payer-rises-techround) (2026-10-18) - [Bumble plans to drop swiping in select markets from Q4 2026](https://www.datingindustryinsights.com/news/bumble-plans-to-drop-swiping-select-markets-ai-assistant-bee) (2026-10-18) - [Law firms probe fairness of Bumble's $6.05 take-private price](https://www.datingindustryinsights.com/news/law-firms-probe-fairness-bumble-6-05-take-private-price) (2026-10-18) - [Bumble launches searchable Handles a day after $1.3B Ithaca deal](https://www.datingindustryinsights.com/news/bumble-launches-searchable-handles-day-after-ithaca-deal) (2026-10-14) - [Bumble to install Ithaca founders Gupta and Hegeman as co-CEOs](https://www.datingindustryinsights.com/news/bumble-ithaca-founders-gupta-hegeman-co-ceos) (2026-10-13) - [Bumble agrees $1.3B sale to Ithaca Holdings at $6.05 a share](https://www.datingindustryinsights.com/news/bumble-agrees-1-3b-sale-ithaca-holdings) (2026-10-13) ## Questions **What is Ithaca Holdings?** Ithaca Holdings is a technology investment holding company co-founded and led by Ravi Gupta and John Hegeman. **What is Ithaca buying?** On 13 October 2026 Ithaca agreed to take Bumble private for about $1.3 billion in cash, at $6.05 per share. **Who will run Bumble after the deal?** Ravi Gupta and John Hegeman are due to become Bumble's co-CEOs at closing. **What does Ithaca Holdings do?** Ithaca Holdings is a technology investment holding company co-founded and run by co-chief executives Ravi Gupta and John Hegeman. On 13 October 2026 it agreed to take Bumble private in an all-cash deal worth about $1.3 billion, at $6.05 a share. Gupta and Hegeman are due to become Bumble's co-CEOs when the deal closes. **Who founded Ithaca Holdings?** Ithaca Holdings was founded by Ravi Gupta and John Hegeman. **Where is Ithaca Holdings based?** Ithaca Holdings is based in United States. --- Canonical: https://www.datingindustryinsights.com/companies/ithaca-holdings