MagicLab Products – Credits: MagicLab
The deal sees the co-founder of Tinder become the new boss of MagicLab.
November 12, 2019 at 04:25 AM
1 minute read
Reporter
Baker McKenzie, Simpson Thacher & Bartlett and Davis Polk & Wardwell are advising on the sale of a majority stake in dating and social networking app-owner MagicLab to management fund Blackstone Group.
MagicLab, which owns a family of dating and social networking apps including Badoo, Bumble, Lumen and Chappy, is selling a majority stake to New York-headquartered funds manager Blackstone in a deal that would value the company at approximately $3 billion.
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