Grindr's Potential Private Status: A $3B Buyout
Update: 2025-11-11
Description
Grindrs former board chairman, James Lu, is set to take the popular queer dating app private in a nearly $3.5 billion deal. Lu, along with fellow board member Ray Zage, owns 60% of Grindrs shares and is offering to buy the remaining shares for $18 each in cash. This comes as Grindr reported strong earnings, with a 30% increase in revenue for the third quarter. Despite its success, Grindrs shares have fallen 15% this year, and this move could offer a new direction for the company.
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