NewsBite

Blackstone seeks payout from Bumble loan amid online dating boom

Lisa Lee and Jeannine Amodeo

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Blackstone Group is looking to reap the benefits from a surge in online dating in a global pandemic and a rebound in demand for risky leveraged loans as investors seek higher-yielding assets.

The private equity firm, which bought a majority stake in the owner of dating app Bumble last year when it was known as MagicLab, is now seeking a payout from a $US200 million ($280 million) loan.

Loading...

Bloomberg

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Investing

Fetching latest articles

Most Viewed In Wealth

    Original URL: https://www.afr.com/wealth/investing/blackstone-seeks-payout-from-bumble-loan-amid-online-dating-boom-20201008-p5639c