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LOS ANGELES - Majority shareholders of Grindr Inc. (NYSE:GRND) have submitted a non-binding proposal to take the LGBTQ+ dating app private at $18.00 per share, representing a significant premium to its current trading price of $15.51. According to InvestingPro data, the company has seen its stock decline nearly 38% over the past six months, making the timing of this proposal particularly noteworthy.
George Raymond Zage III and James Fu Bin Lu, who together with affiliated entities own more than 60% of Grindr’s outstanding common stock, are seeking to acquire all remaining shares they don’t already own. The offer represents a 51% premium over the company’s unaffected stock price on October 10, 2025. The deal would value the company, which has demonstrated strong revenue growth of 28.35% over the last twelve months, at approximately $2.9 billion.
The proposing shareholders indicated they have secured significant expressions of interest for financing the transaction, including multiple "highly confident" letters and equity contributions.
Zage and Lu originally acquired Grindr in June 2020 and led the company’s public listing in November 2022. Both have served on Grindr’s board of directors since 2020, with Lu serving as chairman during that period.
"We are pleased to submit this proposal, which represents a significant premium to recent trading prices and better positions the company for focused growth as a private entity," Lu said in the statement.
Zage noted he has purchased over $200 million of Grindr shares on the public market and is willing to contribute additional equity to the deal. The shareholders expressed their desire to engage in discussions with CEO George Arison and the board about the proposal.
The transaction, if completed, would return Grindr to private ownership approximately three years after its public debut. With a healthy current ratio of 2.48 and EBITDA of $111.28 million, the company shows strong operational fundamentals. For a deeper understanding of Grindr’s valuation metrics and growth potential, investors can access comprehensive analysis through InvestingPro, which offers detailed insights and 12 additional ProTips about the company’s financial health and market position.
In other recent news, Grindr Inc. has been at the center of significant developments regarding its potential transition to a private entity. The company received a preliminary buyout proposal valuing its shares at $18 each from Chairman James Fu Bin Lu, George Raymond Zage III, and their affiliated entities, who collectively own more than 60% of Grindr’s outstanding shares. This proposal represents a 51% premium over the share price observed earlier in October. Board members Ray Zage and James Lu have expressed interest in acquiring all outstanding common stock, as confirmed by a letter to the Board of Directors. Additionally, discussions with Fortress Investment Group are underway to secure debt financing for the acquisition, with a potential buyout price of approximately $15 per share, suggesting a valuation of around $3 billion. Furthermore, G. Raymond Zage has surpassed 50% ownership of Grindr’s common stock following recent share repurchases, prompting the formation of a special committee to evaluate the impact. Meanwhile, in a separate development, Citizens JMP analyst Andrew Boone reiterated a Market Outperform rating on Meta Platforms Inc., maintaining a price target of $900, highlighting the positive impact of web checkout systems on profitability.
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