Tech
Grindr ends talks on $3.46 billion take-private bid over financing uncertainty
[ad_1]
Dating app Grindr said on Monday it has ended talks on a $3.46 billion take-private deal by its two largest shareholders, citing uncertainty over the deal’s financing.
Shares of the company were down about 12% after a special committee said investors Ray Zage and James Lu, who together control more than 60% of Grindr’s outstanding stock, had failed to provide clarity on timing and financing on the October bid.
“The special committee has been unable to obtain satisfactory information about definitive financing,” the popular LGBTQIA+ dating platform said…
[ad_2]
Source link
Continue Reading