James Lu – Charm – Daily News

Grindr’s Billionaire Shareholder Explores Taking Dating App Private In $3 Billion Deal

Grindr Shares Soar As Majority Shareholders’ Buyout Offer Values Dating App At $3.5 Billion

Cs news11 months ago05 mins

Spencer Platt/Getty Image New York-listed shares of Grindr jumped the most in three years after billionaire George Raymond Zage III and James Lu, the company’s majority 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…

Grindr shareholders offer to take dating app private for $3.46 billion

Cs news11 months ago04 mins

By Kritika Lamba and Arsheeya Bajwa (Reuters) -Two Grindr board members, part of an investor group that owns more than 60% of the company, have proposed to take one of the world’s most recognized dating platforms for the LGBTQIA+ community private for about $3.46 billion. Shares of the company closed up nearly 19% on Friday….