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Top Tier Trio Play Matchmakers in $3B Dating App Deal

Nov 12, 2019 - Legal Week

Baker McKenzie, Simpson Thatcher & Bartlett and Davis Polk & Wardwell are advising on the sale of a majority stake in dating and social networking app-owner MagicLab to management fund Blackstone Group.

MagicLab, which owns a family of dating and social networking apps including Badoo, Bumble, Lumen and Chappy, is selling a majority stake to New York-headquartered funds manager Blackstone in a deal that would value the company at approximately $3 billion.

The company's founder...