Core Insights - Insiders at Grindr are considering taking the company private due to a significant drop in share price, which has affected the financial positions of its top owners [1] - Following the news, Grindr's shares increased by over 10%, although they have declined approximately 26% year-to-date [1] - Majority owners Raymond Zage and James Lu are in discussions to secure debt financing from Fortress Investment Group for the acquisition [1] Valuation and Buyout Discussions - Zage and Lu have proposed a buyout price of around $15 per share, which would value Grindr at approximately $3 billion [2] - The urgency of the discussions has increased after a unit of Temasek sold shares that were previously seized due to personal loans secured by the owners' holdings [2] Historical Context - Grindr was originally owned by Beijing Kunlun Tech and was sold to San Vicente Acquisition LLC for over $600 million in 2020 due to national security concerns raised by the U.S. Committee on Foreign Investment [3]
Dating app Grindr explores go-private deal, Semafor reports
Yahoo Finance·2025-10-13 17:35