Grindr Inc.’s majority owners, Raymond Zage and James Lu, who together hold more than 60% of the company’s shares, are reportedly exploring a go‑private transaction. The owners had pledged their shares as collateral for loans from a Temasek unit, which seized and sold shares last week after the loans became undercollateralized. The move follows a steep decline in the company’s stock, which has heightened the owners’ personal financial pressure.
The owners are in talks with Fortress Investment Group, a firm majority owned by Mubadala Investment Company, to finance the buyout. Fortress would provide the necessary capital for a purchase price of roughly $15 per share, which would value Grindr at about $3 billion. The deal would be structured as a private transaction, removing the company from public markets and its associated reporting obligations.
A successful go‑private deal would fundamentally change Grindr’s governance and strategic focus. It would allow the owners to restructure the company, potentially reduce regulatory scrutiny, and concentrate on long‑term growth initiatives without the constraints of public market expectations. The transaction, if completed, would represent a significant shift in the company’s trajectory and could have lasting implications for its business model and shareholder value.
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