Reported about 14 hours ago
Shareholders of Grindr, a leading dating app for the LGBTQIA+ community, have proposed to take the company private for approximately $3.46 billion. This move comes from a group of board members who control over 60% of Grindr, bolstered by significant interest from investors to finance the acquisition. The offer of $18 per share represents a 51% premium over the previous stock price, aiming to provide the company with greater control amidst challenges in online dating growth. Grindr's board has established a special committee to evaluate the proposal.
Source: YAHOO