Reuters exclusively reports Grindr's Chinese owner to sell social media app - Reuters News Agency

Reuters exclusively reports Grindr’s Chinese owner to sell social media app

Reuters exclusively reported Chinese gaming company Beijing Kunlun Tech Co Ltd is close to signing an agreement to sell popular gay dating app Grindr LLC to a group of investors. The move comes after a U.S. government panel ordered Kunlun to divest Grindr, which it has owned since 2016. The panel, dubbed the Committee on Foreign Investment in the United States, was concerned that the personal information of millions of Americans, such as private messages and HIV status, was at risk of falling into the wrong hands. The deal was confirmed soon after the Reuters report.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Asia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
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