Match Group and Bumble have reportedly reached an agreement to settle their two-year old litigation dispute.
The specific details of the settlement have not been disclosed to the public, but both parties are believed to be “pleased” with the amicable resolution.
It’s been a legal battle that has turned a number of different directions before this conclusion. Match Group initially sued Bumble for patent infringement and intellectual property misuse in 2018.
The Tinder-owners claimed the female-first social app copied the “card-swipe-based, mutual opt-in premise” and that Whitney Wolfe Herd stole some of the ideas she had helped to develop while working for the founding team.
Bumble retaliated by stating: “We swipe left on your attempted scare tactics, and on these endless games. We swipe left on your assumption that a baseless lawsuit would intimidate us.
“Given your enduring interest in our company, we expected you to know us a bit better by now.”
This was then followed up by a $400 million counter-lawsuit which accused Match Group of multiple infringements, including the fraudulent obtaining of trade secrets during umbrella’s past acquisition attempts.
The proceedings appeared to take a nasty turn when Match Group alleged that Bumble was using the COVID-19 pandemic as an excuse to delay. However, this weekend’s update is good news for the industry as the two major players called time on the conflict.
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