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Chinese Gaming Company Buys 60% Stake In Grindr

$93 million investment values gay dating app at $155 million.

Grindr, the popular dating app for gay men, has sold a 60% stake to Chinese gaming company Beijing Kunlun Tech for $93 million, according to the New York Times. The $93 million investment now values the six-year-old dating app at $155 million. The remainder of the company’s shares continue to be owned by its employees and Grindr founder and CEO Joel Simkhai.

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