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Insiders at dating app Grindr are discussing taking it private after a share slump put its top owners in a tight personal financial position, Semafor reported on Monday, citing people familiar with the matter.
Grindr shares jumped more than 10% following the report. They have lost about 26% so far this year.
Raymond Zage and James Lu, who control majority of Grindr, are in talks to secure debt financing from Fortress Investment Group to acquire the dating app, the report said.
Zage and Lu have discussed a buyout price of around $15 per share, the report…
