Dating app Grindr confirms receiving go-private interest from shareholders

Reuters2025-10-15

Dating app Grindr confirms receiving go-private interest from shareholders

Oct 14 (Reuters) - Grindr GRND.N on Tuesday confirmed that its board had received a letter from shareholders Ray Zage and James Lu stating an interest in exploring the possibility of taking the dating app private.

Shares of the company were up about 3% in after-hours trading.

The board has established a "special committee comprised of disinterested and independent directors in the event that a definitive, bona fide proposal, including committed financing, is presented to the company for evaluation," Grindr said.

Semafor reported on Monday that Zage, a board member, and Lu, the chair of the board, are in talks to secure debt financing from Fortress Investment Group to acquire Grindr and that a buyout price of around $15 per share was discussed.

Grindr was formerly owned by Beijing Kunlun Tech, which sold it to San Vicente Acquisition LLC for more than $600 million in 2020 after the Committee on Foreign Investment in the U.S. raised national security concerns.

(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shreya Biswas)

((HarshitaMary.Varghese@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2575228471?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-15 05:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2575228471","market":"fut","top_or_hot":-1,"title":"Dating app Grindr confirms receiving go-private interest from shareholders","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Dating app Grindr confirms receiving go-private interest from shareholders</title></head><body><p>\n<span>Oct 14 (Reuters)</span><span> - </span>Grindr <span>GRND.N</span> on Tuesday confirmed that its board had received a letter from shareholders Ray Zage and James Lu stating an interest in exploring the possibility of taking the dating app private.</p><p>Shares of the company were up about 3% in after-hours trading.</p><p>The board has established a \"special committee comprised of disinterested and independent directors in the event that a definitive, bona fide proposal, including committed financing, is presented to the company for evaluation,\" Grindr said.</p><p>Semafor <span>reported</span> on Monday that Zage, a board member, and Lu, the chair of the board, are in talks to secure debt financing from Fortress Investment Group to acquire Grindr and that a buyout price of around $15 per share was discussed. </p><p>Grindr was formerly owned by Beijing Kunlun Tech, which sold it to San Vicente Acquisition LLC for more than $600 million in 2020 after the Committee on Foreign Investment in the U.S. raised national security concerns. </p><p> (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shreya Biswas)</p><p> ((HarshitaMary.Varghese@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dating app Grindr confirms receiving go-private interest from shareholders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDating app Grindr confirms receiving go-private interest from shareholders\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-10-15 05:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Dating app Grindr confirms receiving go-private interest from shareholders</title></head><body><p>\n<span>Oct 14 (Reuters)</span><span> - </span>Grindr <span>GRND.N</span> on Tuesday confirmed that its board had received a letter from shareholders Ray Zage and James Lu stating an interest in exploring the possibility of taking the dating app private.</p><p>Shares of the company were up about 3% in after-hours trading.</p><p>The board has established a \"special committee comprised of disinterested and independent directors in the event that a definitive, bona fide proposal, including committed financing, is presented to the company for evaluation,\" Grindr said.</p><p>Semafor <span>reported</span> on Monday that Zage, a board member, and Lu, the chair of the board, are in talks to secure debt financing from Fortress Investment Group to acquire Grindr and that a buyout price of around $15 per share was discussed. </p><p>Grindr was formerly owned by Beijing Kunlun Tech, which sold it to San Vicente Acquisition LLC for more than $600 million in 2020 after the Committee on Foreign Investment in the U.S. raised national security concerns. </p><p> (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shreya Biswas)</p><p> ((HarshitaMary.Varghese@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4077","symbol_name":"互动媒体与服务","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251014:nL3N3VV1P8:1","article_id":"2575228471","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575228471","pubTimestamp":1760478409,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Dating app Grindr confirms receiving go-private interest from shareholders Oct 14 (Reuters) - Grindr GRND.N on Tuesday confirmed that its board had received a letter from shareholders Ray Zage and Jam","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"300418":"昆仑万维","BK4077":"互动媒体与服务","BK0083":"网红经济","BK0094":"网络游戏","BK0185":"二线龙头","BK0149":"电子竞技","BK0108":"虚拟现实","BK0077":"质押式回购","BK0217":"互联网","BK0089":"人工智能","GRND":"GRINDR INC","BK0197":"中小创蓝筹"},"translate_title":"约会应用Grindr确认收到股东的私有化兴趣","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"300418":0.9,"GRND":0.9},"content_text":"Dating app Grindr confirms receiving go-private interest from shareholders\nOct 14 (Reuters) - Grindr GRND.N on Tuesday confirmed that its board had received a letter from shareholders Ray Zage and James Lu stating an interest in exploring the possibility of taking the dating app private.Shares of the company were up about 3% in after-hours trading.The board has established a \"special committee comprised of disinterested and independent directors in the event that a definitive, bona fide proposal, including committed financing, is presented to the company for evaluation,\" Grindr said.Semafor reported on Monday that Zage, a board member, and Lu, the chair of the board, are in talks to secure debt financing from Fortress Investment Group to acquire Grindr and that a buyout price of around $15 per share was discussed. Grindr was formerly owned by Beijing Kunlun Tech, which sold it to San Vicente Acquisition LLC for more than $600 million in 2020 after the Committee on Foreign Investment in the U.S. raised national security concerns.  (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Shreya Biswas) ((HarshitaMary.Varghese@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2575228471","isCrawlerRequest":true}