Grindr falls as special committee ends talks on $3.46 bln take-private proposal

Grindr

24/11/2025 15:25

Updates

** Dating app Grindr's GRND.N shares fall 13% to $12.03

** Co's special committee says has ended its engagement with an unsolicited take-private proposal from large shareholders George Raymond Zage III and James Lu on financing concerns

** In October, Zage III and Lu offered to take company private for $3.46 bln or $18 per share

** GRND says take-private deal is not in the best interest of the company at this time

** Up to last close, stock has fallen 22.4% this year

 (Reporting by Anhata Rooprai in Bengaluru)

 ((Anhata.Rooprai@thomsonreuters.com))