Grindr shares surge as shareholders offer $3.46 billion buyout

Grindr

24/10/2025 18:48

** Shares of dating application Grindr GRND.N jump 22.6% to $15.52

** Majority shareholders George Raymond Zage and James Lu submit non-binding offer to acquire all outstanding shares of GRND for $3.46 bln or $18 per share

** The price consideration represents a premium of ~51% to the stock's closing price on Oct 10, when the news first broke

** GRND did not immediately respond to Reuters' request for comment

      ** Avg rating of four analysts is "buy"; their median PT is $22.50 - data compiled by LSEG

** Up to last close, stock has fallen 29% this year

 (Reporting by Arnav Mishra and Anhata Rooprai in Bengaluru)

 ((Arnav.Mishra@thomsonreuters.com))