Deals
Bumble Seller Says Blackstone Made an Offer He ‘Couldn’t Refuse’
- Andrey Andreev walks away with at least $1.5 billion from deal
- MagicLab founder says he’s pivoting to a philanthropic venture
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MagicLab founder Andrey Andreev once longed for an initial public offering and a Nasdaq listing for his company’s popular dating apps, including Bumble.
But then Blackstone Group Inc. came along “with a nice and beautiful offer,” Andreev, 45, said in an interview at a London hotel. “I couldn’t refuse.”