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Why Grindr's largest shareholders want to take the company private
Fastcompany· 2025-10-16 13:11
advertisement BY David Salazar Listen to this ArticleMore info 0:00 / 0:00 Grindr's days as a public company could be numbered.  SUBSCRIBE LOGIN | FastCo Works The hookup and dating app, which went public via a special purpose acquisition company (SPAC) merger in fall 2021, announced on October 14 that its largest shareholders, Raymond Zage and James Lu—who led the company's go-public efforts—were exploring the possibility of acquiring Grindr's outstanding stock, which would take the company private agai ...
GRND SHAREHOLDER ALERT: Did the Grindr Inc. (NYSE: GRND) Board Breach its Fiduciary Duties to Shareholders? Contact BFA Law about its Investigation
Globenewswire· 2025-10-16 12:14
NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) -- 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 to shareholders in connection with a potential take-private sale of Grindr that would cash out the entire minority stockholder interest. If you are a current shareholder of Grindr, you are encouraged to obtain addi ...
Grindr Confirms Buyout Interest From Top Investors
WSJ· 2025-10-14 21:44
Though no formal offer has been made, a committee has been formed to review any potential definitive proposal, the dating-app company said. ...
Grindr Confirms Receipt of Letter from Large Shareholders
Businesswire· 2025-10-14 21:00
WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Grindr Confirms Receipt of Letter from Large Shareholders. ...
GRINDR INC (GRND) Surges 10.7%: Is This an Indication of Further Gains?
ZACKS· 2025-10-14 17:46
Grindr Inc. (GRND) shares soared 10.7% in the last trading session to close at $13.24. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 25.6% loss over the past four weeks.Grindr is benefiting from strong user growth, AI-driven product innovation, and rising ad and subscription revenues.This company is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of +140%. ...
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TechCrunch· 2025-10-13 21:29
Grindr's majority owners are scrambling to take the LGBTQ+ dating app private after a stock decline triggered a personal financial crisis, according to a report from Semafor. https://t.co/vmEfAoMbUy ...
Grindr's owners may take it private after a financial squeeze
TechCrunch· 2025-10-13 21:24
Core Insights - Grindr's majority owners are attempting to take the LGBTQ+ dating app private due to a stock decline that has led to a personal financial crisis for them [1] Group 1: Ownership and Financial Situation - The majority owners, Raymond Zage and James Lu, control over 60% of Grindr and had previously acquired the app for over $600 million in 2020 before taking it public in 2022 [2] - Zage and Lu pledged nearly all their shares as collateral for personal loans from a unit of Singapore's sovereign wealth fund Temasek, which became undercollateralized following a stock slide [3] Group 2: Business Performance and Market Reaction - Despite the stock decline, Grindr's profits increased by 25% in the second quarter, although there are concerns regarding executive turnover and narrowing margins [4] - The owners are in discussions with Fortress Investment Group to secure financing for a buyout at approximately $15 per share, valuing Grindr at around $3 billion, which led to a jump in shares following the report [5]
Grindr shares jump 10% after insiders explore to take the company private: report
Invezz· 2025-10-13 18:41
Insiders at Grindr Inc. (NYSE: GRND) are exploring a deal to take the company private after a steep stock decline created financial pressure on its major shareholders, reported Semafor, citing people familiar with the matter. ...
Grindr Stock Surges 10% As Company Reportedly May Go Private
Forbes· 2025-10-13 18:00
Shares of Grindr were up as much as 11% on Monday afternoon after Semafor reported shareholders are considering taking the company private in a deal that would value the LGBTQ dating app at $3 billion.Raymond Zage and James Lu, majority shareholders in Grindr, are seeking to take the company private after Temasek, a private lender which made personal loans to at least one of the two men, reportedly seized some shares last week and sold them. Grindr’s owners are now in a "precarious personal financial positi ...
Grindr Bets On AI Matchmaking, Teases New Pricing Tiers To Increase Average Revenue Per User: On Path To Become An 'AI-Native Company' - Grindr (NYSE:GRND)
Benzinga· 2025-10-08 13:46
Grindr Inc. (NYSE:GRND) is actively exploring new premium pricing tiers as it makes a significant strategic pivot to become an “AI-native company,” according to CEO George Arison, who revealed this in a recent interview with Matt Joanou for Marketopolis by Benzinga.The company is investing heavily in artificial intelligence to enhance its user experience, alleviate “dating app fatigue,” and ultimately drive higher average revenue per user (ARPU).Check out GRND’s stock price here.On Path To Become An ‘AI-Nat ...