US-based private equity firm Blackstone Group has announced it will acquire a majority stake in the parent company of Priyanka Chopra-backed dating app Bumble. The deal values MagicLab at around $3 billion, Blackstone said. MagicLab Founder Andrey Andreev, who will sell his stake to Blackstone, would be replaced as the firm's CEO by Bumble Founder and CEO Whitney Wolfe Herd.