Grinder’s majority owners are shaking to trigger the personal financial crisis to take personal financial crisis to take personal to the LGBBTUI+ Dating app after the stock decreases. Reported from SemfourThe
The owners of the question are former Hedge Fund Manager and US expatriate Raymond Jage and Chinese-American entrepreneurs and former Amazon and Baidu Executive James Lu in Singapore. They lead together Acquisition of 2020 Grinder to $ 600 million from Chinese ownership, then the app took the app into the public in 2022 VulgarThe
It is reported that Jazz and Lu, who controls more than 605% of Grindra together, promised almost all of them as a securities from Singapore’s sovereign asset fund from Temasek. After the Grinder starts a slide at the end of September, these loans become undercolletralized (less worth than the debt), so the Temsek unit seized some shares last week.
Grinder’s stock slide appears to be disconnected from business basic – the second trimester semfor notes, profit has increased by 25%, though it has seen something Executive turnover; Some investors have concerns about Narrow marginToo
Whatever the way, this pair is now in talks with the Fortress Investment Group – it itself is now owned by the Mubadala Investment Organization, which In one’s own Owned to the Abu Dhabi Government – to secure financing for a bayout for about $ 15 per share, which will pay the Grinder to about $ 3 billion. Share Jump Following the report.