Illustration: Rebecca Zisser/Axios

The Blackstone Group agreed to buy a majority stake in Magic Lab, the owner of dating apps Bumble and Badoo, at an enterprise value of around $3 billion.

Why it matters: This represents a heartbreaking loss for Match Group, whose love/hate relationship with Magic Lab has included both takeover efforts and lawsuits. Now Match will be forced to watch as Magic Lab and Blackstone get more serious, likely leading to an IPO ceremony.

CEO shuffle: Bumble founder Whitney Wolfe Herd becomes CEO of Magic Lab, and retains most of her stake. Magic Lab founder and CEO Andrey Andreev sells his entire position to Blackstone.

The bottom line: "Bumble sets itself apart from other dating apps with its requirement that women initiate a conversation that might lead to a date. Blackstone aims to help it expand into more geographies and to continue branching out into facilitating nondating-related social meetups." ⁠— Miriam Gottfried, WSJ

Go deeper: Blackstone Group to pay $5.9 billion for Colony Capital warehouses

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 21,020,216 — Total deaths: 761,393— Total recoveries: 13,048,303Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 5,289,323 — Total deaths: 167,948 — Total recoveries: 1,774,648 — Total tests: 64,831,306Map.
  3. Health: CDC: Survivors of COVID-19 have up to three months of immunity Fauci believes normalcy will return by "the end of 2021" with vaccine — The pandemic's toll on mental health.
  4. Business: How small businesses got stiffed — Unemployment starts moving in the right direction.
  5. Cities: Coronavirus pandemic dims NYC's annual 9/11 Tribute in Light.
  6. Politics: Biden signals fall strategy with new ads.

Harris: "Women are going to be a priority" in Biden administration

Sen. Kamala Harris at an event in Wilmington, Del. Photo: Drew Angerer/Getty Images

In her first sit-down interview since being named Joe Biden's running mate, Sen. Kamala Harris talked about what she'll do to fight for women if elected VP, and how the Democrats are thinking about voter turnout strategies ahead of November.

What they're saying: "In a Biden-Harris administration women are going to be a priority, understanding that women have many priorities and all of them must be acknowledged," Harris told The 19th*'s Errin Haines-Whack.

Facebook goes after Apple

Illustration: Lazaro Gamio/Axios

Facebook is seeking to force a face-off with Apple over its 30% in-app purchase commission fee, which Facebook suggests hurts small businesses struggling to get by during the pandemic.

The big picture: Facebook has never publicly gone after Apple, a key strategic partner, this aggressively. Both companies face antitrust scrutiny, which in Apple's case has centered on the very fee structure Facebook is now attacking.