Core Viewpoint - A consortium of Grindr shareholders, owning over 60% of the outstanding shares, has submitted a non-binding proposal to take the dating app private [1] Group 1 - The consortium includes notable shareholders such as George Raymond Zage III and James Fu Bin Lu [1] - The proposal indicates a significant interest in restructuring Grindr's ownership and potentially enhancing its strategic direction [1]

Group 1 - A consortium of Grindr shareholders, owning over 60% of outstanding shares, has proposed to take the dating app private for approximately $3.46 billion [1] - Following the announcement, Grindr's shares increased by over 22% [1] - Grindr has become a prominent dating platform for the LGBTQIA+ community since its launch in 2009, with millions of users across more than 190 countries [1] Group 2 - The consortium has received significant expressions of interest for financing, including multiple highly confident letters and equity contributions, indicating strong support for the acquisition [2] - The shareholders are confident that the financing sources will be sufficient to fund the acquisition [2] - Grindr has not yet responded to requests for comment regarding the proposal [2]