Grindr up after majority shareholders withdraw take-private offer

Grindr

26/11/2025 15:20

** Shares of dating application Grindr GRND.N up 2.8% to $12.96

** Co's majority shareholders Ray Zage and James Lu withdraw their $3.46 bln offer to take GRND private

** GRND said on Monday it has ended talks on the take-private offer, citing uncertainty around financing for the proposal

** The proposing shareholders say they secured significant expressions of interest, in multiple cases unsolicited, to participate in acquisition financing

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

 (Reporting by Arnav Mishra in Bengaluru)

 ((Arnav.Mishra@thomsonreuters.com;))