George Raymond Zage III and James Fu Bin to acquire Grindr.

George Raymond Zage III and James Fu Bin, a majority shareholders of Grindr and long-time investors and board members, agreed to acquire Grindr, a social networking and dating platform. Financial terms were not disclosed. "We are pleased to submit this Proposal, which represents a significant premium to recent trading prices and better positions the Company for focused growth as a private entity. We look forward to engaging constructively with the Company and other shareholders in executing on our proposal," James Fu Bin Lu, Grindr Investor and Board Member.