Blackstone seeks payout from Bumble loan amid online dating boom
Lisa Lee and Jeannine Amodeo
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.
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Bloomberg
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