Announced
Completed
Financials
Sources
Tags
United States
Online and Social Platforms
Friendly
Majority
online dating
gay dating
dating services
online dating platform
Acquisition
Single Bidder
Private
Completed
Private Equity
Synopsis
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.
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