Grindr Shares Soar As Majority Shareholders' Buyout Offer Values Dating App At $3.5 Billion [Forbes]
Grindr Inc. (GRND)
Company Research
Source: Forbes
owners, offered to buyout the minority shareholders in a deal valuing the LGBTQ dating app at $3.5 billion. Grindr shares climbed 18.9% to $15.06 at the close of trading in New York. Zage and Lu offered to buy the rest of the company at $18 a share, a 51% premium to the stock's price on Oct. 10 before the majority shareholders disclosed plans to take the company private, according to a statement on Friday. The offer is also 20% above the minimum price of $15 that the duo had planned to make. "We are strong believers in the long-term outlook for the company,” Zage said. “I have been a consistent buyer of shares in Grindr since listing, buying over $200m of shares on the public market and am also willing to contribute additional equity to this deal.” Zage—successfully oversaw the Asian division of U.S. hedge fund Farallon Capital Management before setting up Singapore-based Tiga Investments in 2017—said equity and debt investors have expressed interest to participate in this deal.
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GRND
News
- Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties Relating to the Grindr Buyout TerminationPR Newswire
- Grindr UNWRAPPED 2025: The Biggest, Boldest & Gayest Year in ReviewBusiness Wire
- Johnson Fistel Investigates the Grindr Board for Potential Breaches of Fiduciary Duties in the Grindr Buyout TerminationGlobeNewswire
- George Raymond Zage Ill and James Fu Bin Lu Respond to Grindr Special Committee decision to Cease Engagement on Proposed Take-Private TransactionPR Newswire
- Grindr Special Committee Ceases Engagement with Respect to Unsolicited Take-Private Proposal from Large ShareholdersBusiness Wire
GRND
Earnings
- 11/6/25 - Beat
GRND
Sec Filings
- 12/4/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- GRND's page on the SEC website