On October 15, 2025, Grindr Inc. confirmed that its board received a letter from large shareholders Ray Zage and James Lu expressing interest in a potential go‑private transaction. The letter was received by the board and the company has formed a special committee of independent directors to evaluate any definitive proposal.
The letter indicates that the shareholders are exploring the acquisition of all outstanding common stock, potentially valuing the company at around $3 billion. The special committee will review any proposal that includes committed financing and will act in the best interest of all shareholders.
This development marks a significant financing event for Grindr, as a go‑private transaction would alter the company’s capital structure and could provide liquidity to shareholders. The board’s formation of an independent committee underscores the seriousness of the inquiry and signals that the company is actively considering a potential exit strategy.
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