A consortium of Grindr shareholders who own more than 60% of its outstanding shares, including George Raymond Zage III and James Fu Bin Lu, has submitted a non-binding proposal to take the dating app ... ...

(Reuters) -A consortium of Grindr shareholders who own more than 60% of its outstanding shares, led by board members George Raymond Zage and James Fu Bin Lu, has submitted a non-binding proposal to take the dating app private for about $3.46 billion. Shares of the company were up over 22%. Since its 2009 launch, Grindr has evolved into one of the world's most recognized dating platforms for the LGBTQIA+ community, with millions of users in more than 190 countries. The consortium has secured significant ...