Senin, 09 Maret 2020

Gay Grindr Dating Application Will For Sale

Chinese gaming company Beijing Kunlun Tech will reportedly soon sell a gay dating application called Grindr. According to sources, the application will be sold to a group of investors.

Chinese gaming company Beijing Kunlun Tech will reportedly soon sell a gay dating application called Grindr. According to sources, the application will be sold to a group of investors.  Reported by Reuters on Sunday (03/08/2020), this step was carried out after the United States government panel (US) asked Kunlun to divest or divest its shares in Grindr. Kunlun is the owner of Grindr since 2016.  The panel, dubbed the Committee on Foreign Investment in the United States (CFIUS), is concerned about the personal information of millions of US people, such as messages and HIV status, risks falling into the wrong hands.  According to three sources, one of the investors who became the strongest candidate to acquire Grindr was James Lu.  He is a former executive of the Chinese se  Deal Price  The price of the agreement so far is unknown. However, negotiations during the sales process were based on Grindr's valuation of approximately USD 500 million.  Grindr's party declined to comment, while Kunlu and Lu have not yet given statements regarding this report.  Grindr is based in West Hollywood, California, USA. This application has more than 4.5 million active daily users, and describes its service as the largest social networking application for gay, bisexual, transgender, and queer in the world.  Acquisition  Kunlun first acquired 60 percent of Grindr shares in 2016 worth USD 93 million. At that time, CFIUS focused on traditional national security issues, such as the use of technology for various military applications.  Then Kunlun bought the remaining Grindr shares in 2018. In the same year, CFIUS, which examined foreign acquisitions of US companies, began monitoring Grindr to see the possibility of increasing national security risk.  After discussing with CFIUS, Kunlun said in May 2019 that he would divest Grindr in June 2020.  CFIUS's intervention in the Grindr agreement underscores its focus on personal data security, after blocking the acquisition of the MoneyGram Interntional Inc. money transfer company, and the mobile marketing company AppLovin by bidders from China.


Reported by Reuters on Sunday (03/08/2020), this step was carried out after the United States government panel (US) asked Kunlun to divest or divest its shares in Grindr. Kunlun is the owner of Grindr since 2016.

The panel, dubbed the Committee on Foreign Investment in the United States (CFIUS), is concerned about the personal information of millions of US people, such as messages and HIV status, risks falling into the wrong hands.

According to three sources, one of the investors who became the strongest candidate to acquire Grindr was James Lu.

He is a former executive of the Chinese se

Deal Price


Chinese gaming company Beijing Kunlun Tech will reportedly soon sell a gay dating application called Grindr. According to sources, the application will be sold to a group of investors.  Reported by Reuters on Sunday (03/08/2020), this step was carried out after the United States government panel (US) asked Kunlun to divest or divest its shares in Grindr. Kunlun is the owner of Grindr since 2016.  The panel, dubbed the Committee on Foreign Investment in the United States (CFIUS), is concerned about the personal information of millions of US people, such as messages and HIV status, risks falling into the wrong hands.  According to three sources, one of the investors who became the strongest candidate to acquire Grindr was James Lu.  He is a former executive of the Chinese se  Deal Price  The price of the agreement so far is unknown. However, negotiations during the sales process were based on Grindr's valuation of approximately USD 500 million.  Grindr's party declined to comment, while Kunlu and Lu have not yet given statements regarding this report.  Grindr is based in West Hollywood, California, USA. This application has more than 4.5 million active daily users, and describes its service as the largest social networking application for gay, bisexual, transgender, and queer in the world.  Acquisition  Kunlun first acquired 60 percent of Grindr shares in 2016 worth USD 93 million. At that time, CFIUS focused on traditional national security issues, such as the use of technology for various military applications.  Then Kunlun bought the remaining Grindr shares in 2018. In the same year, CFIUS, which examined foreign acquisitions of US companies, began monitoring Grindr to see the possibility of increasing national security risk.  After discussing with CFIUS, Kunlun said in May 2019 that he would divest Grindr in June 2020.  CFIUS's intervention in the Grindr agreement underscores its focus on personal data security, after blocking the acquisition of the MoneyGram Interntional Inc. money transfer company, and the mobile marketing company AppLovin by bidders from China.


The price of the agreement so far is unknown. However, negotiations during the sales process were based on Grindr's valuation of approximately USD 500 million.

Grindr's party declined to comment, while Kunlu and Lu have not yet given statements regarding this report.

Grindr is based in West Hollywood, California, USA. This application has more than 4.5 million active daily users, and describes its service as the largest social networking application for gay, bisexual, transgender, and queer in the world.

Acquisition


Chinese gaming company Beijing Kunlun Tech will reportedly soon sell a gay dating application called Grindr. According to sources, the application will be sold to a group of investors.  Reported by Reuters on Sunday (03/08/2020), this step was carried out after the United States government panel (US) asked Kunlun to divest or divest its shares in Grindr. Kunlun is the owner of Grindr since 2016.  The panel, dubbed the Committee on Foreign Investment in the United States (CFIUS), is concerned about the personal information of millions of US people, such as messages and HIV status, risks falling into the wrong hands.  According to three sources, one of the investors who became the strongest candidate to acquire Grindr was James Lu.  He is a former executive of the Chinese se  Deal Price  The price of the agreement so far is unknown. However, negotiations during the sales process were based on Grindr's valuation of approximately USD 500 million.  Grindr's party declined to comment, while Kunlu and Lu have not yet given statements regarding this report.  Grindr is based in West Hollywood, California, USA. This application has more than 4.5 million active daily users, and describes its service as the largest social networking application for gay, bisexual, transgender, and queer in the world.  Acquisition  Kunlun first acquired 60 percent of Grindr shares in 2016 worth USD 93 million. At that time, CFIUS focused on traditional national security issues, such as the use of technology for various military applications.  Then Kunlun bought the remaining Grindr shares in 2018. In the same year, CFIUS, which examined foreign acquisitions of US companies, began monitoring Grindr to see the possibility of increasing national security risk.  After discussing with CFIUS, Kunlun said in May 2019 that he would divest Grindr in June 2020.  CFIUS's intervention in the Grindr agreement underscores its focus on personal data security, after blocking the acquisition of the MoneyGram Interntional Inc. money transfer company, and the mobile marketing company AppLovin by bidders from China.


Kunlun first acquired 60 percent of Grindr shares in 2016 worth USD 93 million. At that time, CFIUS focused on traditional national security issues, such as the use of technology for various military applications.

Then Kunlun bought the remaining Grindr shares in 2018. In the same year, CFIUS, which examined foreign acquisitions of US companies, began monitoring Grindr to see the possibility of increasing national security risk.

After discussing with CFIUS, Kunlun said in May 2019 that he would divest Grindr in June 2020.

CFIUS's intervention in the Grindr agreement underscores its focus on personal data security, after blocking the acquisition of the MoneyGram Interntional Inc. money transfer company, and the mobile marketing company AppLovin by bidders from China.

Tidak ada komentar:
Write komentar