into the work culture at Badoo’s London headquarters. Thirteen former employees described a work environment that was toxic and misogynistic. Afterpublished the article, Andreev and MagicLab announced they would launch an internal investigation into the London office.
Wolfe Herd met Andreev in 2013 while she was an executive at dating app Tinder. Shortly after, she left Tinder and sued her ex-boss and ex-boyfriend Justin Mateen for sexual harassment. The suit was confidentially settled for an estimated $1 million. She launched Bumble with funding and support from Andreev, at the end of 2014.
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Blackstone To Buy Russian Billionaire’s Bumble Stake After Forbes Investigation Into His CompaniesIn a move that values Bumble-parent MagicLab at $3 billion, private equity firm Blackstone is buying the stake owned by MagicLab’s billionaire CEO Andrey Andreev. Andreev will step down and Bumble CEO Whitney Wolfe Herd will take over.
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