Monday, Bumble Inc. (BMBL) revealed its plan to acquire Geneva, a group and community chatting app, that facilitates connections among individuals with similar interests.
The acquisition of Geneva App is intended to enhance Bumble Inc.'s 'Bumble For Friends' service by broadening its offerings to include group interactions, catering to the diverse ways people build friendships.
The financial details of the acquisition were not disclosed.
The transaction is expected to be finalized in the third quarter of 2024.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.