Grindr jumps on report it's exploring a take private

Robert Way

Grindr (NYSE:GRND [https://seekingalpha.com/symbol/GRND]) rose 9.8% after a report that insiders at the company are exploring a take-private.

Raymond Zage and James Lu, who control a majority of the dating app, are in discussions to secure debt financing from Fortress Investment Group to purchase Grindr (NYSE:GRND [https://seekingalpha.com/symbol/GRND]), according to a Semafor report [https://www.semafor.com/article/10/13/2025/grindr-explores-take-private-after-lender-calls-insiders-loans]on Monday, which cited people familiar with the matter.

Zage and Lu have talked about a buyout price of around $15 a share, according to the report. Grindr has a market cap of $2.24 billion.

Grindr and Fortress declined to comment to Semafor.

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