1. Grindr's majority owners, Raymond Zage and James Lu, are in discussions to take the LGBTQ+ dating app private due to a stock decline causing financial distress.
2. The pair pledged their shares as collateral for personal loans from Singapore's Temasek sovereign wealth fund, which seized and sold some of the shares when they became undercollateralized.
3. Grindr is reportedly in talks with Fortress Investment Group for a potential buyout at around $15 per share, valuing the app at approximately $3 billion.
2. The pair pledged their shares as collateral for personal loans from Singapore's Temasek sovereign wealth fund, which seized and sold some of the shares when they became undercollateralized.
3. Grindr is reportedly in talks with Fortress Investment Group for a potential buyout at around $15 per share, valuing the app at approximately $3 billion.
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Summary
Discussion underway for LGBTQ+ dating app Grindr to go private due to financial distress from stock decline. Majority owners Raymond Zage and James Lu had pledged shares as collateral, which were seized by Singapore's Temasek sovereign wealth fund when undercollateralized. Potential buyout
Reading History
| Date | Name | Words | Time | WPM |
|---|---|---|---|---|
| 2025/10/14 12:43 | Anonymous | 82 | 38s | 129 |
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Read CountDetails
ID: 2bd12cc1-a072-498a-bc4c-3c041a202214
Category ID: listed_summary
Date: Oct. 14, 2025
Notes: 2025-10-14
Created: 2025/10/14 10:20
Updated: 2025/12/08 00:27
Last Read: 2025/10/14 12:43