Grindr confirms receipt of take-private letter from board members

Grindr (GRND) confirmed that its board of directors received a letter from large shareholders Ray Zage, board member, and James Lu, board chair, stating an interest in exploring the possibility of acquiring Grindr in a going-private transaction through the acquisition of all of Grindr’s outstanding common stock. While there is no proposal to evaluate at this time, the board of directors has established a special committee comprised of disinterested and independent directors in the event that a definitive, bona fide proposal, including committed financing, is presented to the company for evaluation.