UPDATE 1-Blackstone takes majority stake in "Bumble" parent, values firm at about $3 bln
November 08, 2019 at 11:58 AM EST
Blackstone Group Inc is taking a majority stake in MagicLab, the parent company of dating app "Bumble" and "Badoo", valuing the company at about $3 billion, the private equity firm said in a statement on Friday.
