Report: Grindr’s Chinese owner Kunlun is selling the dating app after CFIUS raised personal data concerns
https://techcrunch.com/2019/03/27/report-grindrs-chinese-owner-kunlun-is-selling-the-dating-app-after-cfius-raised-personal-data-concerns/
Grindr, the popular dating app for gay, bisexual, transgender and queer people, looks like it might be changing hands again, a year after it was acquired at a valuation of $245 million. According to a report in Reuters, Grindr’s owner Kunlun is looking for a buyer of the company after the Committee on Foreign Investment in the United States (CFIUS) determined that having the app owned by a Chinese company poses a national security risk.
Kunlun originally acquired a 60 percent stake in the company in 2016 for $93 million and completed the acquisition in January 2018, reportedly paying an additional $152 million.