REUTERS – June 3 – An investor group San Vincente that got U.S. approval to buy Grindr has financial and personal links to the dating app's current owner, China's Beijing Kunlun Tech Co Ltd. The Committee on Foreign Investment in the United States (CFIUS) had cleared the sale of Grindr to San Vicente Acquisition for ~$600M. Grindr spokeswoman said: "The buyers for Grindr were selected after an extensive and unbiased bidding process that complied fully with all applicable regulations, as the receipt of all necessary approvals – including CFIUS – demonstrates." A regulatory filing shows San Vicente was incorporated on Feb. 19, just weeks before the deal with Kunlun. The company is named after the LA street where Grindr has its headquarters.
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