Grindr try promoting a majority stake to a Chines games team.
The popular homosexual hookup and internet dating app has revealed that the Beijing Kunlun technology business are purchasing 60% for the providers, in accordance with numerous news reports.
The offer appreciates Grindr at $155 million (?107 million). The other 40per cent is divided between Joel Simkhai, president and CEO, and team employees that have money.
Precisely why sell? Grindr’s COO, Carter, McJunkin, advised the fresh new York era that it was about growing the organization. “We bring users in almost every country on the planet, however in purchase to get to the next step of one’s company and expand faster, we needed someone.”
Looking forward, the organization is going to try “solving a lot more issues” for its customers. “We’ve expanded to make it a lot more of a lifestyle providers,” said McJunkin.