Blackstone to acquire Bumble dating app owner MagicLab
Blackstone is acquiring MagicLab, a builder and operator of dating and social networking apps that include Bumble and Badoo. The deal puts MagicLab at a valuation of about $3 billion. Citi Global Capital Markets Inc. is serving as an financial adviser to MagicLab on the transaction. And, Baker McKenzie is serving as legal adviser to the majority shareholders of MagicLab while Simpson Thacher & Bartlett LLP is providing legal advice to Blackstone.
8 November 2019•4 mins read
