Posted on

Report: Grindr’s Chinese owner Kunlun is attempting to sell the dating application after CFIUS raised individual information issues

Report: Grindr’s Chinese owner Kunlun is attempting to sell the dating application after CFIUS raised individual information issues

Grindr, the favorite relationship software for homosexual, bisexual, transgender and queer individuals, appears after it was acquired at a polish girls dating valuation of $245 million like it might be changing hands again, a year. Relating to a study 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 services that are financial and has now other internet holdings including the Opera web browser. It offers something of the background with regulators over data privacy issues, but additionally to be ok with losing battles to win the pugilative war, as we say.

In 2016, once the business had been section of a consortium acquiring the web company Opera for $1.2 billion, it ultimately renegotiated the offer right down to $600 million for only part of the business after regulators raised flags that are red information security concerns. Kunlun has become a 48 per cent shareholder of Opera computer computer computer Software as part of the Chinese consortium that has the Norwegian business.

In it was reported that Kunlun had started the ball rolling for an IPO of the Grindr app august. Continue reading Report: Grindr’s Chinese owner Kunlun is attempting to sell the dating application after CFIUS raised individual information issues