Blackstone to take majority stake in Bumble and Badoo owner at USD3bn valuation
Funds managed by 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 USD3 billion. Founded in 2006 by Andrey Andreev, MagicLab helped invent how people meet in the modern, mobile