Grindr jumps on report insiders explore taking dating company private

Grindr

13/10/2025 17:42

** Shares of dating application Grindr GRND.N jump 9.1% to $13.05

** Insiders at GRND are discussing taking the company private after a stock slide forced its owners into a precarious personal financial position, Semafor reports, citing people familiar with the matter

** Raymond Zage and James Lu, who control a majority of GRND, are in talks to secure debt financing from Fortress Investment Group to buy co - report

** Zage and Lu have discussed a buyout price of around $15 a share - report

** GRND has a market value of about $2.30 bln - data compiled by LSEG

** Grindr and Fortress Investment Group declined to comment when contacted by Reuters

** As of last close, stock down ~33% this year

 (Reporting by Arnav Mishra in Bengaluru)

 ((Arnav.Mishra@thomsonreuters.com))