Chinese Gaming Company Completely Buys Out Grindr

Okay so first things first, this isn’t NEARLY as surprising of news as everyone is making it sound. Yes, there’s a Chinese gaming company by the name of Beijing Kunlun Tech has just completely bought out all of the business of the popular gay social app Grindr, it’s not the first time that they’ve bought stock. Last year, the company actually had already bought out 61.5% of the company for $93 million, and this year, they’re finishing their total acquisition by announcing that they are officially buying the rest of the company out for another $152 million! Yes, the company has gone up that much in value that it’s worth that much more. This is a great day for Grindr, but as for what changes are to come to the company now that they will be owned 100% by the company, who knows!