{"id":694658,"date":"2025-10-14T01:25:10","date_gmt":"2025-10-13T22:25:10","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/grindrs-owners-may-take-it-private-after-a-financial-squeeze\/"},"modified":"2025-10-14T01:25:10","modified_gmt":"2025-10-13T22:25:10","slug":"grindrs-owners-may-take-it-private-after-a-financial-squeeze","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/grindrs-owners-may-take-it-private-after-a-financial-squeeze\/","title":{"rendered":"Grindr’s owners may take it private after a financial squeeze"},"content":{"rendered":"
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Grindr\u2019s majority owners are scrambling to take the LGBTQ+ dating app<\/a> private after a stock decline triggered a personal financial crisis, according to a report from Semafor<\/a>.<\/p>\n

The owners in question are Raymond Zage, a former hedge fund manager and U.S. expat now based in Singapore, and James Lu, a Chinese-American entrepreneur and former Amazon and Baidu exec. Together they led the 2020 acquisition<\/a> of Grindr from Chinese ownership for over $600 million, then took the app public in 2022 through a blank-check merger<\/a>.<\/p>\n

Reportedly, Zage and Lu, who together control more than 60% of Grindr, pledged nearly all their shares as collateral for personal loans from a unit of Singapore\u2019s sovereign wealth fund Temasek. After Grindr began a slide at the end of September, those loans became undercollateralized (worth less than the debt), so the Temasek unit seized and sold some of the shares last week.<\/p>\n

Grindr\u2019s stock slide appears disconnected from business fundamentals \u2013 profits were up 25% in the second quarter, Semafor notes, though it has seen some executive turnover<\/a>; there has been some investor concern about narrowing margins<\/a>, too.<\/p>\n

Either way, the pair are now said to be in talks with Fortress Investment Group \u2013 itself now majority owned by Mubadala Investment Company, which is itself<\/em> owned by the government of Abu Dhabi \u2013 to secure financing for a buyout at around $15 per share, which would value Grindr at around $3 billion. Shares jumped<\/a> following the report.<\/p>\n<\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Grindr\u2019s majority owners are scrambling to take the LGBTQ+ dating app private after a stock decline triggered a personal financial crisis, according to a report from Semafor. The owners in question are Raymond Zage, a former hedge fund manager and U.S. expat now based in Singapore, and James Lu, a Chinese-American entrepreneur and former Amazon…<\/p>\n","protected":false},"author":1,"featured_media":694659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/techcrunch.com\/wp-content\/uploads\/2017\/11\/gettyimages-625496254-1.jpg?w=1024","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[5055,112449],"class_list":["post-694658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apps","tag-grindr"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/694658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=694658"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/694658\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/694659"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=694658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=694658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=694658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}