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Bumble вЂ” the dating application that promotes itself as empowering females and maintaining them safe вЂ” has finally ended its embarrassing relationship with 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 within 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 colleague that is male of 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, but, Wolfe Herd offered a managing stake to Andreev, whom apparently tolerated an workplace tradition at MagicLabвЂ™s UK-based hookup application Badoo, where females had been regularly objectified, relating to a Forbes report early in the day this current year.
Rampant hedonism at Badoo included a celebration where вЂњeveryone ended up being nude and doing lines of coke,вЂќ in line with the report. The celebration ended up being apparently photographed and delivered within the interior e-mail system.
Another worker stated that a video clip circulated all over business of a male Badoo employee receiving dental intercourse from 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, that has a 20-percent stake in Bumble compared to AndreevвЂ™s 59- to 79-percent cut, had defended her company partner, saying in a declaration at that time that he had become her household and another of her close friends.
вЂњWhat IвЂ™ve seen firsthand from Andrey is innovative and behavior that is motivatingвЂќ Wolfe Herd stated. вЂњAndrey has not been anything but type and respectful in my experience.вЂќ
On Friday, Wolfe Herd, who’ll be CEO of MagicLab beneath the deal, stated she вЂњwill attempt to lead the team by having a continued values-based and mission-first focus, exactly the same one which happens to be core to Bumble since we founded the organization five years ago.вЂќ
Andreev stated in a declaration Friday before he embarks on new business ventures that he is working to вЂњensure a smooth and successful transition.
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