Andrey Andreev sold the Blackstone Group a majority stake in MagicLab, which owns the dating services Badoo, Bumble, Lumen and Chappy. About this TJ told the press service of Badoo.
Details of the transaction are not specified, but it was estimated at three billion dollars. Andreev himself will resign as MagicLab CEO and will be engaged in the construction of “something big.”
I am incredibly proud of the company and the way we connected hundreds of millions of people around the world. My goal now is to ensure a smooth and successful transition before I start a new project in search of innovative leaders with new and exciting ideas.
founder of Badoo
Andreev founded Badoo in 2006, now the application has more than 450 million users. In May, he announced that the business had already grown “to a state where it’s hard to just take and sell, it’s a huge machine.” In a 2017 TJ interview, Andreev said that Badoo is “a more social network than Facebook.”