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Blackstone takes majority stake in 'Bumble' parent, values firm at about $3 billion
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