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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Facebook    FB

FACEBOOK

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Real-time Quote. Real-time Cboe BZX - 11/21 09:37:40 am
197.18 USD   -0.17%
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Facebook : Blackstone takes majority stake in 'Bumble' parent, values firm at about $3 billion

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11/08/2019 | 09:02pm EST
The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange

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.

Following the deal, Andrey Andreev who is the founder of MagicLab, will sell his stake to Blackstone and be replaced as chief executive officer by Whitney Wolfe Herd, Bumble's present CEO.

Bumble began in 2014 as a dating platform for women to start discussions with potential male partners and competes with Match Group Inc's Tinder and Facebook dating service.

Shares of Match Group, which also owns dating platforms OkCupid and PlentyOfFish, were down 2.5%.

Citi Global Capital Markets is the financial adviser to MagicLab and Baker McKenzie is the legal adviser to the MagicLab's majority shareholders. Simpson Thacher & Bartlett LLP is the legal adviser to Blackstone.

(Reporting by Ayanti Bera in Bengaluru; Editing by Shounak Dasgupta and Shailesh Kuber)

Stocks mentioned in the article
ChangeLast1st jan.
FACEBOOK -0.91% 197.51 Delayed Quote.50.67%
MATCH GROUP, INC. -1.93% 70.47 Delayed Quote.64.77%
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Financials (USD)
Sales 2019 70 463 M
EBIT 2019 24 555 M
Net income 2019 18 276 M
Finance 2019 52 949 M
Yield 2019 -
P/E ratio 2019 31,1x
P/E ratio 2020 21,9x
EV / Sales2019 7,24x
EV / Sales2020 5,74x
Capitalization 563 B
Chart FACEBOOK
Duration : Period :
Facebook Technical Analysis Chart | MarketScreener
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Technical analysis trends FACEBOOK
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 49
Average target price 235,29  $
Last Close Price 197,51  $
Spread / Highest target 36,7%
Spread / Average Target 19,1%
Spread / Lowest Target -39,2%
EPS Revisions
Managers
NameTitle
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
FACEBOOK50.67%563 248
TWITTER1.50%22 603
MATCH GROUP, INC.64.77%19 730
LINE CORPORATION39.27%11 366
SINA CORPORATION-40.53%2 219
NEW WORK SE16.84%1 726