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Posted on: Nov. 8, 2019, 5:01 p.m.
A major investment from Blackstone will infuse cash into the dating app group and push Bumble CEO Whitney Wolfe Herd to the top. Private equity group Blackstone is taking a majority stake in Magic Labs, the parent company of dating app Bumble, valuing it at $3 billion. As part of the deal, Bumble founder and chief executive Whitney Wolfe Herd, will become CEO of MagicLab. Current CEO Andrey Andreev will be departing.Read Full Story. Full investment news articleRelevent to this post: Blackstone Group,