Grindr explores take-private after lender calls insiders’ loans
Insiders at Grindr are discussing taking the company private after a stock slide forced its owners into a precarious personal financial position, people familiar with the matter said.Raymond Zage and James Lu, who control a majority of the dating app, are in talks to secure debt financing from Fortress Investment Group to acquire Grindr, which has a market value of $2.4 billion, the people said. The fast-moving talks come after a unit of Temasek, which had made personal loans to at least one of ...
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