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Stock impact report

Exclusive: Winning bidder for Grindr has ties to Chinese owner [Reuters (UK)]

Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share (BIDU) 
Last baidu, inc. - american depositary shares, each representing 8 ordinary share earnings: 2/27 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.baidu.com
Company Research Source: Reuters
Exclusive: Winning bidder for Grindr has ties to Chinese owner - Reuters 7 Min Read NEW YORK/WASHINGTON (Reuters) - An investor group that got U.S. approval to buy Grindr Inc has financial and personal links to the dating app’s current owner, China’s Beijing Kunlun Tech Co Ltd ( 300418.SZ ), Reuters has found, in a possible departure from Washington’s national security policy on deals. Kunlun said on Friday that the Committee on Foreign Investment in the United States (CFIUS) had cleared the sale of Grindr to San Vicente Acquisition LLC for more than $600 million, but did not give details about the investor group. A Reuters review of confidential fundraising documents and interviews with two sources familiar with the deal show that a close business associate of Kunlun’s founder tried to raise money for a fund to buy Grindr. Two of the partners in that fund eventually became part of San Vicente. Kunlun also offered financing support to San Vicente that it didn’t extend to two other g Show less Read more
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