Grindr receives buyout offer to take dating app private

Grindr receives buyout offer to take dating app private

Two major investors and board members of Grindr made a buyout offer that would value the West Hollywood company at nearly $3.5 billion.

Grindr Shareholders Propose $3.46 Billion Deal to Take The The App Private And Give Greater Control of Platform

Two major Grindr shareholders have proposed a deal that could take one of the world’s most popular LGBTQ+ dating apps private, a move that values the company at about $3.46 billion. According to Reuters, board members Ray Zage and James Lu, who are part of an investor group that already owns more than 60% of Grindr, made the offer in a proposal that would give them greater control of the platform. The bid, announced Friday, sent Grindr’s stock s…