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Bangkok Post
Bangkok Post
Business

Gay dating app Grindr to go public in $2.1bn Spac deal

Grindr SPAC CFIUS Tiga
FILE PHOTO: The Grindr app is seen on a mobile phone in this photo illustration taken in Shanghai, China March 28, 2019. (Reuters)

Gay dating app Grindr said on Monday it would go public through a merger with a blank-check acquisition firm - a deal that values it at $2.1 billion (72 billion baht) and features Tiga Investments CEO Raymond Zage on both sides of the transaction.

Grindr said its existing shareholders would own 78% of the company after the merger, which comes two years after China's Kunlun Tech Co divested it for $620 million due to US national security concerns.

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