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Grindr Ends $3. 46B Take-Private Talks Amid Shareholder . . . Grindr Ends Talks on $3 46 Billion Take-private Bid Over Financing Uncertainty Posted on November 24, 2025 REUTERS – Grindr has ended talks on a $3 46B take-private offer from its major shareholders Ray Zage and James Lu after they failed to provide clear financing details The stock fell ~12% after the announcement
Grindr Shareholders Offer $3. 46B Take-Private Deal to Unlock . . . This eye-popping offer comes from two Grindr shareholders, George Raymond Zage III and James Fu Bin Lu (who has been chair of the board since 2020), who together own more than 60% of the company’s outstanding shares
Grindr Shares Soar As Billionaire Owner’s Buyout Offer Values . . . The New York-listed shares of Grindr jumped the most in three years after billionaire George Raymond Zage III and James Lu, the company’s majority owners, offered to buyout the minority shareholders in a deal valuing the LGBTQ dating app at $3 5 billion
Grindr chairman steps down amid his bid to take the company . . . In October, Lu and fellow board member Ray Zage made an offer to take Grindr private in a nearly $3 5-billion deal Lu and Zage collectively own 60% of Grindr’s outstanding shares and offered to buy the rest for $18 each in cash Shares were valued at around $15 each in midday trading Monday