Report: Grindr’s Chinese owner Kunlun is attempting to sell the dating application after CFIUS raised individual information concerns

Report: Grindr’s Chinese owner Kunlun is attempting to sell the dating application after CFIUS raised individual information concerns

Grindr, the favorite relationship software for homosexual, bisexual, transgender and queer individuals, appears after it was acquired at a valuation of $245 million like it might be changing hands again, a year. Based on a study in Reuters, Grindr’s owner Kunlun is seeking a customer for the business following the Committee on Foreign Investment in the usa (CFIUS) determined that having the application owned with a Chinese business poses a security risk that is national.

Kunlun additionally posts games, provides online services that are financial and has now other internet holdings for instance the Opera web browser. This has something of a background with regulators over information privacy issues, but in addition to be fine with losing battles to win the pugilative war, as we say.

In 2016, as soon as the business ended up being element of a consortium acquiring cyberspace company Opera for $1.2 billion, it ultimately renegotiated the offer right down to $600 million for only area of the company after regulators raised flags that are red information security issues. Kunlun happens to be a 48 per cent shareholder of Opera computer computer Software within the Chinese consortium that has the company that is norwegian. Read more »

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