Grindr Sale Finalized for ~$608.5 Million

By | 30.3.2020

QUEERTY – Mar 28 – The move came just four years after Kunlun bought the app from its original creator, Joel Simkhai. The Committee on Foreign Investment in the U.S, a government watchdog group, ordered Kunlun to sell off a majority stake in the company last year. One of the new investors is James Lu, a Chinese tech mogul. A company called San Vicente Acquisition Partners was set up to make the purchase and allow the buyers to stay anonymous.

by Dan Tracer
See full article at Queerty

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