Chinese video gaming business Beijing Kunlun Tech Co Ltd is wanting to offer Grindr LLC, the most popular gay relationship application this has owned since 2016, after a U.S. federal federal government national safety panel raised issues about its ownership, in accordance with individuals knowledgeable about the situation.
The Committee on Foreign Investment in the us (CFIUS) has informed Kunlun that its ownership of western Hollywood, California-based Grindr takes its nationwide risk of security, the 2 sources stated.
CFIUS’ concerns that are specific whether any effort ended up being designed to mitigate them could never be discovered. The usa happens to be increasingly examining application developers throughout the security of individual data they handle, particularly if a few of it involves U.S. military or intelligence workers.
Kunlun had stated final August it absolutely was finding your way through a preliminary general public providing (IPO) of Grindr.
The sources said as a result of CFIUS’ intervention, Kunlun has now shifted its focus to an auction process to sell Grindr outright, given that the IPO would have kept Grindr under Kunlun’s control for a longer period of time.