Board Proposes To Take Grindr Private In $3.5B Deal

Reuters reports: 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. A deal would give board … The post Board Proposes To Take Grindr Private In $3.5B Deal appeared first on Joe.My.God..

Mark Mark
Nov 4, 2025 - 19:00
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Board Proposes To Take Grindr Private In $3.5B Deal

Reuters reports:

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.

A deal would give board members Ray Zage and James Lu greater control of the popular LGBTQIA+ dating platform with millions of users in more than 190 countries, at a time when online dating companies are under immense pressure to rekindle growth.

Grindr, along with industry leaders such as Tinder-parent Match Group and Bumble has wrestled with slowing user additions and rising criticism of “swiping fatigue,” as younger users experiment with AI-driven and niche matchmaking alternatives.

Read the full article. Grindr debuted on the NYSE in 2022.

The post Board Proposes To Take Grindr Private In $3.5B Deal appeared first on Joe.My.God..

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