.
MergerLinks Header Logo

New Deal


Announced

Completed

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

Financials

Edit Data
Transaction Value£475m
Consideration TypeCash
Capital Owned-
Capital Bid For99%
EV/Sales-
EV/EBITDA12.69x
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

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

Edit

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.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US