Chinese gaming giant Beijing Kunlun has agreed to sell popular gay dating app Grindr for about $608 million, ending a tumultuous four years under Chinese ownership. Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based company, San Vicente Acquisition Partners.
Is Grindr owned by China?
China-based Beijing Kunlun Tech Co. bought Grindr in 2016 and had hopes of taking the company public in a large stock offering until the U.S. government intervened.
Who owns Grindr now?
Reuters reported that San Vicente Acquisition Partners LLC purchased the West Hollywood-based business for $608.5 million. Kunlun Tech purchased Grindr in a series of deals in 2016 and 2018 with Joel Simkhai, its founder, for $243 million.
Who created Grindr app?
Humble abodes. In case you were wondering, Joel Simkhai has made newsworthy real estate investments before. The Grindr app founder sold his hook-up creation back in 2018 for around $245 million, so hes had the cash to play around for a few years.
Does Grindr keep your data?
DATA RETENTION POLICY. We retain your Personal Data for no longer than is necessary to fulfill the purposes for which the information was collected or as otherwise permitted or required by applicable law or pursuant to Grindr Terms of Service or Grindr Community Guidelines. In many cases the information may be optional
Who founded Tinder?
Whitney Wolfe Herd Whitney Wolfe Herd joined a Los Angeles based startup at the age of 22 and later on involved in the development of a dating app which became Tinder in future. Tinder was an instant hit not just in the US but globally and it is said that the name Tinder was Wolfes brainchild.
Is OkCupid good?
OkCupid is the perfect happy medium that you might have thought didnt exist. Its ideal for people who dont want anything to do with mindless swiping apps, but who also dont want to feel like theyre desperately looking for marriage. OkCupid debuted in 2004, making it one of the OG dating sites.
What does LMT mean Grindr?
What does LMT mean? | The meaning of LMT LMT stands for Let Me Think. Now you know, LMT stands for Let me think, dont thank us.