15 Aug

Grindr’s Chinese proprietor states to market romance application for $608 Million

The offer comes after a US authorities section need Kunlun to divest alone of Grindr.

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Grindr application enjoys on 4.5 million every day productive owners

  • Beijing Kunlun techie decided to sell its 98.59 % risk in Grindr
  • Chinese-born US person James Lu may be the latest manager
  • Kunlun’s power over Grindr have fuelled concerns among confidentiality recommends

Chinese playing vendor Beijing Kunlun Tech believed on weekend that possesses agreed to market Grindr, a well known homosexual a relationship app it gotten in 2016, around $608.5 million (roughly Rs. 4,502 crores).

The offer employs a US government board requested Kunlun to withdraw by itself of Grindr. The panel, the commission on Foreign financial investment in the usa (CFIUS), haven’t shared its concerns about Kunlun’s title of Grindr. Read More