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Bumble вЂ” the dating app that promotes itself as empowering ladies and maintaining them safe вЂ” has finally ended its embarrassing relationship by having a controversial Russian billionaire.
Andrey Andreev вЂ” a London-based technology tycoon that has been accused of presiding over a sleazy office tradition at BumbleвЂ™s sister dating app Badoo вЂ” announced Friday he has got sold their bulk stake into the appsвЂ™ parent company MagicLab to Blackstone Group in a deal that values it at $3 billion.
BumbleвЂ™s creator Whitney Wolfe Herd, who famously left hookup app Tinder after accusing a male colleague of sex harassment, established Bumble in 2014 with features to give ladies more control of conversations with dating leads and also to have them from being stalked and harassed.
During the exact same time, nevertheless, Wolfe Herd offered a managing stake to Andreev, whom apparently tolerated an workplace tradition at MagicLabвЂ™s UK-based hookup application Badoo, where ladies had been regularly objectified, relating to a Forbes report previously this season.
Rampant hedonism at Badoo included a celebration where вЂњeveryone had been nude and doing lines of coke,вЂќ in line with the report. The celebration had been reportedly photographed and delivered throughout the interior e-mail system.
Another worker reported that a video clip circulated round the business of a male Badoo employee receiving sex that is oral a prostitute, with one feminine employee saying she had been forced by male peers into viewing it.
Badoo denies such a video clip exists.
Wolfe Herd, who may have a 20-percent stake in Bumble weighed against AndreevвЂ™s 59- to 79-percent cut, had defended her company partner, saying in a declaration during the time which he had become her household and another of her close friends.