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Grindr’s brand-new proprietors are actually right. They state that’s okay

Grindr’s brand-new proprietors are actually right. They state that’s okay

The worldwide ownership tale of America’s preferred homosexual relationships application, Grindr, found a close previous thirty days whenever a variety of North american brokers obtained control over the West Entertainment vendor.

China-based Beijing Kunlun computer Co. obtained Grindr in 2016 along with hopes of delivering the business community in a significant inventory providing before the U.S. federal intervened. Pointing out fears which Chinese authorities could use personal data stored on the application to blackmail U.S. citizens, the commission on Foreign finances in america revealed it was compelling Kunlun to sell the corporate to US homeowners in March 2019.

A-year after, Kunlun reached a great deal. A low-profile financial crowd, San Vicente Acquisitions, purchased they for $608 million.