Grindr, the favorite relationship software for homosexual, bisexual, transgender and queer individuals, appears after it was acquired at a valuation of $245 million like it might be changing hands again, a year. Relating to a report in Reuters, Grindr’s owner Kunlun is seeking a customer associated with the business following the Committee on Foreign Investment in the usa (CFIUS) determined that having the software owned with a Chinese business poses a security risk that is national.
Kunlun additionally posts games, provides online monetary services, and contains other internet holdings like the Opera web browser. It’s one thing of a history with regulators over information privacy issues, but additionally to be fine with losing battles to win the war, as they say.
In 2016, if the business had been section of a consortium acquiring the web company Opera for $1.2 billion, it fundamentally renegotiated the offer right down to $600 million just for area of the [...]