Blackstone Takes Controlling Stake in Owner of Dating App Bumble – The Wall Street Journal

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Blackstone Group Inc. is taking a majority stake in the owner of dating app Bumble as part of the private-equity giant’s broader push to invest more in fast-growing companies.

The deal, which was announced Friday and previously reported by The Wall Street Journal, values dating-site parent company MagicLab at about $3 billion, Blackstone said.

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