Grindr

GRND

Market cap $2.37B

Grindr's majority shareholders George Raymond Zage III and James Lu have withdrawn their proposed buyout that values the LGBTQ dating app at $3.5 billion.

Grindr's majority shareholders Ray Zage and James Lu have withdrawn their $3.46 billion offer to take the dating app private, the bidders said on Wednesday.

LOS ANGELES , Nov. 26, 2025 /PRNewswire/ -- George Raymond Zage Ill and James Fu Bin Lu (together, the "Proposing Shareholders" or "we"), who along with affiliated entities beneficially own in aggregate more than 60% of the outstanding shares of common stock of Grindr Inc. (the "Company'' or "Grindr") (NYSE: GRND), today responded to the Grindr Special Committee of its Board of Directors' (the "Special Committee") decision to cease engagement with the Proposing Shareholder's non-binding take-private proposal (the "Proposal") to acquire Grindr for $18.00 per share. The Special Committee indicated that this determination was made due to uncertainty around the financing for the Proposal.

Grindr Inc (NYSE:GRND) shares fell more than 10% on Monday after the LGBTQ+ social networking platform said a proposal to take it private at a valuation of roughly $3.46 billion would not move forward, citing uncertainty around financing. The proposed buyout, led by major shareholders Ray Zage and James Lu, offered $18 per share in cash and represented a significant premium to Grindr's trading price when the offer was submitted on October 24.

Dating app Grindr said on Monday it has ended talks on a $3.46 billion take-private deal by its two largest shareholders, citing uncertainty over the deal's financing.

WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Grindr Inc. (NYSE: GRND) (“Grindr” or the “Company”), the Global Gayborhood in Your Pocket™, today announced that the Special Committee (the “Special Committee”) of its Board of Directors (the “Board”) has determined to cease engagement with respect to a non-binding, unsolicited take-private proposal (the “Proposal”) from large shareholders Ray Zage and James Lu (the “Proposing Shareholders”) to acquire Grindr for $18.00 per share in cash. The Special Co.

New York, New York--(Newsfile Corp. - November 24, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Grindr Inc.'s (NYSE: GRND) board of directors and majority stockholders James Fu Bin Lu and George Raymond Zage, III, for potential breaches of their fiduciary duties to shareholders in connection with a potential take-private sale of Grindr that would cash out the entire minority stockholder interest. If you are a current shareholder of Grindr, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/grindr-inc.

Grindr stands out among dating app stocks, delivering robust growth and monetization despite sector headwinds and a 20% YTD share price decline. GRND's paid user base grew 17% year-over-year, outpacing peers like Match and Bumble, with new features driving double-digit payer growth and engagement. Valuation remains attractive at 12.2x EV/FY26 EBITDA, with a potential $18/share take-private offer providing additional upside for investors.

NEW YORK, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm  Bleichmar Fonti & Auld LLP announces an investigation into Grindr Inc.'s (NYSE: GRND) board of directors and majority stockholders James Fu Bin Lu and George Raymond Zage, III, for potential breaches of their fiduciary duties to shareholders in connection with a potential take-private sale of Grindr that would cash out the entire minority stockholder interest. If you are a current shareholder of Grindr, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/grindr-inc.

NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm  Bleichmar Fonti & Auld LLP announces an investigation into Grindr Inc.'s (NYSE: GRND) board of directors and majority stockholders James Fu Bin Lu and George Raymond Zage, III, for potential breaches of their fiduciary duties to shareholders in connection with a potential take-private sale of Grindr that would cash out the entire minority stockholder interest. If you are a current shareholder of Grindr, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/grindr-inc.