Chinese language proprietor of gay courting app seeks sale amid US national security concerns

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Grindr’s chinese language proprietor Opens a brand new Window. is reportedly looking to sell the gay dating software Opens a new Window. after the federal authorities Opens a new Window. stated the arrangement raised countrywide protection concerns.

The Committee on overseas funding in the U.S. informed Beijing Kunlun Tech Co. – a chinese cell gaming firm — of its concerns, in step with Reuters, prompting the agency to look for a customer for Grindr in place of preparing for a deliberate initial public providing.
Kunlun purchased Grindr twice — such as a majority stake in 2016 and outright purchase in 2018 — but did now not put up either transaction for a CFIUS evaluation, that is executed whilst a overseas united states is making an investment or shopping a U.S. commercial enterprise.

A Grindr spokesperson did now not reply to FOX enterprise’ request for comment.

the gathering of private records thru telephone apps has grow to be a factor of scrutiny through the CFIUS panel, in line with Reuters Opens a new Window. . Grindr pegs itself as the largest social networking website online for lesbian, homosexual, bisexual, transsexual and queer individuals. The company collect personal information – together with location and messages – from its roughly 27 million users.

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