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Exclusive: Grindr’s Chinese owner nears deal to offer dating that is gay – sources

Exclusive: Grindr’s Chinese owner nears deal to offer dating that is gay – sources

(Reuters) – Chinese gaming business Beijing Kunlun Tech Co Ltd ( 300418.SZ ) is near to signing an understanding to market popular gay relationship software Grindr LLC to a small grouping of investors, relating to individuals knowledgeable about the situation.

FILE PICTURE: Grindr application sometimes appears for a mobile in this picture example consumed Shanghai, China March 28, 2019. REUTERS/Aly Song/File Picture

The move employs a U.S. government panel ordered Kunlun to divest Grindr, which it offers owned since 2016. The panel, dubbed the Committee on Foreign Investment in the usa (CFIUS), ended up being worried that the private information of millions of People in america, such as for instance personal communications and status, is at threat of dropping to https://besthookupwebsites.org/loveaholics-review/ the wrong arms.

Among the investors when you look at the group that is nearing a deal to get Grindr is James Lu, a previous professional at Chinese internet search engine giant Baidu ( BIDU.O ), three regarding the sources stated. Continue reading “Exclusive: Grindr’s Chinese owner nears deal to offer dating that is gay – sources”