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0.000149880095923338 0 -0.00104916067146273 -0.00134892086330919 -0.000899280575539602 -0.00149880095923253 -0.00149880095923253 -0.00149880095923253
Stock impact report

Grindr chairman steps down following his bid to take the company private [Los Angeles Times (CA)]

Match Group, Inc. (MTCH) 
Last match group, inc. earnings: 2/4 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.mtch.com/investor-relations
James Lu, who served on Grindr's board for more than five years, said last week he was resigning to focus on personal business pursuits. In October, Lu and fellow board member Ray Zage made an offer to take Grindr private in a nearly $3.5-billion deal. Lu and Zage collectively own 60% of Grindr's outstanding shares and offered to buy the rest for $18 each in cash. Shares were valued at around $15 each in midday trading Monday. “My decision to resign from the Board is not a reflection of my views on Grindr,” Lu wrote in a letter to board members announcing his resignation. “I remain optimistic about Grindr's long-term prospects, as demonstrated by the proposal and my desire to take the company private to refocus and execute on opportunities to grow the business.” Lu and Zage said they were interested in closing the deal in the first few months of 2026. The pair led the company's initial public offering in November 2022. The board formed a special committee in October to respon Show less Read more
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