After a stock slide forced Raymond Zage and James Lu, who control a majority of the dating app, into “a precarious personal financial position,” insiders at Grindr (GRND) are discussing taking the company private, people familiar with the matter told Semafor’s Liz Hoffman. Zage and Lu are in talks to secure debt financing from Fortress Investment Group to acquire Grindr, which has a market value of $2.4B, the report added.
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