Core Viewpoint - Grindr's majority shareholders have withdrawn their proposed buyout offer, valuing the company at $3.5 billion, due to uncertainties regarding financing and a preference for the company to remain publicly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].

Core Viewpoint - Grindr's shares rose by as much as 11% following reports that shareholders are considering taking the company private, valuing it at $3 billion [1][2] Group 1: Company Valuation and Shareholder Actions - Majority shareholders Raymond Zage and James Lu are seeking to take Grindr private after a private lender, Temasek, reportedly seized and sold some shares [1] - The proposed buyout price is up to $15 per share, which would also value the company at approximately $3 billion [2] - As of 1:45 p.m. EDT on Monday, shares were trading at $13.18, reflecting a 10.2% increase for the day [2] Group 2: Financial Position of Shareholders - Grindr's owners are reported to be in a "precarious personal financial position," prompting discussions about the buyout [2]