Tag Archive | CFIUS

Grindr: China’s Kunlun says US approves sale to investor group

Grindr: China’s Kunlun says US approves sale to investor group

(Reuters) – Chinese gaming company, Beijing Kunlun Tech Co Ltd, said on Friday that a US national security panel approved the $620 million sale of popular gay dating app, Grindr, to an investor group called San Vicente Acquisition LLC. The panel, the Committee on Foreign Investment in the United States (CFIUS), ordered Kunlun last year to […]

Grindr sold for $608 million

Grindr sold for $608 million

(Reuters) – Chinese gaming company Beijing Kunlun Tech Co Ltd (300418.SZ) said on Friday that it has agreed to sell Grindr LLC, a popular gay dating app it acquired in 2016, for about $608.5 million. The deal comes after a US government panel set a June 2020 deadline to sell the app. The panel, dubbed […]