Law firm probes Bumble buyout over unequal rollover for founder shares

Bleichmar Fonti & Auld LLP says it is investigating Bumble’s proposed acquisition by Ithaca Holdco for $6.05 per share, questioning whether the price and deal terms comply with Delaware law and protect public shareholders. The firm highlights that founder Whitney Wolfe Herd may roll her shares into the private company after the merger, an option not offered to other shareholders, and says Blackstone and Herd—who together control 83.7% of Bumble’s voting power—approved the deal by written consent. The provided excerpts from four Bumble Form 4 filings identify beneficial-ownership reports but do not include enough transaction details to describe the reported changes.