Chinese company sells Grindr dating app

Anne Freier | March 10, 2020

App Business

The Chinese firm that holds a majority investment in popular LGBT dating app Grindr has sold the business to a tech and media investor.

The move follows US authorities pushing for divestment of Beijing Kunlun Tech.

San Vicente Acquisition will be acquiring the company for around $608.5 million according to Reuters.

The deal is subject to approval by the Committee on Foreign Investment in the U.S. (CFIUS)

The app is popular with members of the LGBT community to find hookups and has over 4.5 million daily active users.

Kunlun acquired its majority share in the firm back in 2016 for around $93 million.

The app had come under fire by US security for being majority-owned by a Chinese company.

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