Core Viewpoint - Grindr's majority shareholders have withdrawn their proposed buyout offer, valuing the company at $3.5 billion, due to uncertainties regarding financing and a preference for the company to remain publicly listed [2][3]. Company Performance - Grindr's shares rose by 1.5% in morning trading following the announcement of the buyout withdrawal [3]. - The company reported a 25% increase in net profit, reaching $31 million in the third quarter of this year [5]. - Grindr has over 14 million monthly active users, making it the most popular LGBTQ mobile app globally [5]. Shareholder Actions - Majority shareholders George Raymond Zage III and James Lu, who own approximately 64% of Grindr, have decided to terminate discussions regarding the buyout [3]. - Zage intends to continue purchasing Grindr shares in the open market, having already acquired over $200 million worth of shares as the stock hit a one-year low [4]. - Zage is advocating for increased shareholder returns through share buybacks and potential dividends [4]. Market Outlook - Wall Street analysts have recently upgraded their price targets for Grindr's shares to levels between $21 and $26, significantly above the $18 per share offered in the buyout proposal [2].

Grindr's majority shareholders Ray Zage and James Lu have withdrawn their $3.46 billion offer to take the dating app private, the bidders said on Wednesday. ...

Core Viewpoint - The Proposing Shareholders, who own over 60% of Grindr Inc.'s outstanding shares, have withdrawn their non-binding proposal to take the company private at $18.00 per share due to the Special Committee's decision to cease engagement, primarily citing financing uncertainties [1][2][3]. Group 1: Proposal and Withdrawal - The Special Committee's decision to stop engagement with the Proposing Shareholders was based on uncertainties regarding the financing of the proposed acquisition [2]. - The Proposing Shareholders had received significant expressions of interest for acquisition financing, including letters of confidence and offers of senior debt, hybrid securities, and equity [2]. - Following the termination of engagement, the Proposing Shareholders have decided to withdraw their proposal and will instead focus on purchasing additional shares in the market [3]. Group 2: Future Plans and Recommendations - The Proposing Shareholders intend to recommend that Grindr's management and board increase the size of share repurchase plans and consider dividends to enhance shareholder returns [3]. - There is a commitment to engage with management on the growth of Grindr's initiatives, including telemedicine and potential future opportunities in various sectors such as travel, media, AI, and cryptocurrency [4]. Group 3: Financial Performance and Market Position - Grindr recently reported strong third-quarter financial results, which has led to confidence in the company's ability to create significant shareholder value [6]. - Investment banks have set price targets for Grindr that are significantly higher than the proposed acquisition price of $18.00 per share [6]. - The company has completed substantial share repurchases in 2025 at prices exceeding the proposed acquisition price, indicating a strong market position [6]. - Grindr's management prefers the company to remain public, and it currently has one of the lowest net debt to EBITDA ratios in its history, along with significant free cash flow growth [6].

Grindr (GRND) stock closed roughly 12% down on Monday, Nov. 24 after the company’s board terminated takeover discussions with major shareholders Ray Zage and James Lu. The NYSE-listed firm best known for its LGBTQ dating app ended negotiations on the $3.46 billion take-private proposal, citing an inability to obtain satisfactory info about definitive funding commitments. More News from Barchart Following this week’s plunge, Grindr stock is down over 50% versus its year-to-date high set in early June ww ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

GRINDR NOTICE: Grindr Inc. (GRND) Board Faces Investigation into $18 Take Private Deal, Investors Urged to Contact BFA LawNovember 24, 2025 6:08 AM EST | Source: Bleichmar Fonti & AuldNew York, New York--(Newsfile Corp. - November 24, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Grindr Inc.'s (NYSE: GRND) board of directors and majority stockholders James Fu Bin Lu and George Raymond Zage, III, for potential breaches of their fiduciary duties t ...

Core Insights - Investors are encouraged to actively manage portfolios in response to recent stock market volatility, with a focus on single stock selection as a strategy for 2026 [1] Group 1: Market Conditions - A sharp decline in stock markets has been observed recently, prompting a call for proactive portfolio management [1] Group 2: Analyst Background - Gary Alexander has extensive experience in technology sectors, having worked on Wall Street and in Silicon Valley, and has been an adviser to seed-round startups [1] - He has been contributing to Seeking Alpha since 2017 and has been featured in various web publications, with his articles reaching popular trading platforms like Robinhood [1]

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private transaction that may disadvantage minority shareholders [1][5]. Group 1: Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, who are proposing a transaction to take Grindr private, potentially cashing out minority shareholders while retaining their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 per share [3]. - There is no indication that the final deal will require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the company [4]. Group 2: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available to them [2][6]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur court costs or litigation expenses [6].

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private transaction that may disadvantage minority shareholders [1][5]. Group 1: Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, who are proposing a transaction to take Grindr private, potentially cashing out minority shareholders while retaining their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 per share [3]. - There is no indication that the final deal will require a majority-of-the-minority stockholder vote, raising concerns about the effectiveness of the special committee appointed by the company [4]. Group 2: Legal Options for Shareholders - Current shareholders of Grindr are encouraged to seek additional information and may have legal options available to them [2][6]. - BFA Law operates on a contingency fee basis, meaning shareholders will not incur court costs or litigation expenses [6].

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Grindr Inc.'s board of directors and majority stockholders for potential breaches of fiduciary duties related to a proposed take-private transaction that may disadvantage minority shareholders [1][5]. Investigation Details - The investigation focuses on majority stockholders James Fu Bin Lu and George Raymond Zage, III, who are proposing a transaction to take Grindr private, potentially cashing out minority shareholders while retaining their ownership [3][5]. - On October 24, 2025, Lu and Zage offered to purchase minority shareholders' shares for $18.00 each [3]. Transaction Structure - The proposed transaction is characterized as a controller take-private deal, with no indication that it will require a majority-of-the-minority stockholder vote for final approval [4]. - A special committee has been appointed by Grindr's board in connection with the transaction, but its effectiveness in checking the controlling stockholders' influence remains uncertain [4].