San Vicente completed the acquisition of 98.6% stake in Grindr for $608m.

San Vicente Acquisition, a holding group, completed the acquisition of a 98.6% stake in Grindr, a gay dating platform, from Chinese gaming company Beijing Kunlun Tech for $608m. The deal comes after a US government panel asked Kunlun to divest Grindr. The panel of Committee on Foreign Investment in the United States, has not disclosed its concerns about Kunlun’s ownership of Grindr.