“Spurned” Match moves to Bumble lawsuit
Online dating juggernaut Match Group, owner of Match.com, PlentyOfFish, and breakout romance app Tinder, is tired of playing nice. It’s been trying to woo Bumble – a female-centric dating app created by former Tinder employees – for a year. This process began last summer with a $450 million bid for the platform, which was rebuffed. Bumble has not shown any interest in a making a deal since, and now Match is getting serious.
Match’s share price is up by an incredible 49% so far this year
SOURCE: Yahoo Finance
Earlier this month, Match Group filed a patent infringement lawsuit against Bumble in a district court in Texas. It says that Bumble has infringed on two Tinder patents: “matching process system and method,” and “display screen or portion thereof with a graphical user interface of a mobile device.” In other words: Bumble’s design is too similar to Tinder for Match’s liking.
Two of Bumble’s co-creators previously worked at Tinder, and Match is alleging that some of the former’s features were “learned of and developed confidentially while at Tinder.” It suggests that confidential information was stolen and used to create Bumble.
In a statement, a Match Group spokesperson said that match “has invested significant resources and creative expertise in the development of our industry-leading suite of products,” and that it is “prepared when necessary to enforce our patents and other intellectual property rights against any operator in the dating space who infringes upon those rights.”
Is this a case of Tinder’s infatuation with Bumble wearing off? Or is the bigger player simply treating it mean to keep it keen? In any case, Bumble can’t ignore Match any longer.
Dominion holds Match Group in its Global Trends Ecommerce Fund.
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