7 months ago
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Grindr connected Tuesday confirmed that its committee had received a missive from shareholders Ray Zage and James Lu stating an involvement successful exploring the anticipation of taking the dating app private.
Shares of the institution were up astir 3% successful after-hours trading.
The committee has established a "special committee comprised of disinterested and autarkic directors successful the lawsuit that a definitive, bona fide proposal, including committed financing, is presented to the institution for evaluation," Grindr said.
Semafor reported connected Monday that Zage, a committee member, and Lu, the seat of the board, are successful talks to unafraid indebtedness financing from Fortress Investment Group to get Grindr and that a buyout terms of astir $15 per stock was discussed.
Grindr was formerly owned by Beijing Kunlun Tech, which sold it to San Vicente Acquisition LLC for much than $600 cardinal successful 2020 aft the Committee connected Foreign Investment successful the U.S. raised nationalist information concerns.
