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
See the top news on Grindr
This post also appears on InternetDatingInvestments.com