(Adds analyst quotes in paragraphs 11-13) By Kritika Lamba and Arsheeya Bajwa Oct 24 (Reuters) – Two Grindr board members, part of an investor group that owns more than 60% of the company, have proposed to take one of the world's most recognized dating platforms for the LGBTQIA+ community private for about $3.46 billion. Shares of the company closed up nearly 19% on Friday. A deal would give board members Ray Zage and James Lu greater control of the popular LGBTQIA+ dating platform with millions of users in more than 190 countries, at a time when online dating companies are under immense pressure to rekindle growth. Grindr, along with industry leaders such as Tinder-parent Match Group and Bumble has wrestled with slowing user additions and rising criticism of "swiping fatigue," as younger
UPDATE 5-Grindr shareholders offer to take dating app private for $3.46 billion
The Sunday Guardian9 hrs ago
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