BUZZ-Grindr falls as special committee ends talks on $3.46 bln take-private proposal

Reuters

2025/11/24

** Dating application Grindr's GRND.N shares shares fall 8.3% to $12.69 premarket

** Co's special committee has ended its engagement with an unsolicited take-private proposal from large shareholders George Raymond Zage III and James Lu on financing concerns

** In October, Zage III and Lu offered to take company private for $3.46 bln or $18 per share

** GRND says take-private deal is not in the best interests of the company at this time

** Up to last close, stock has fallen 22.4% this year

(Reporting by Anhata Rooprai in Bengaluru)

((Anhata.Rooprai@thomsonreuters.com))

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