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.