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January 12, 2016 04:51 am GMT
Grindr, the social network for gay men, has sold a majority 60 percent stake to Chinese gaming company Beijing Kunlun Tech for $93 million. The deal, which values six-year-old Grindr at $155 million, is the first time that the U.S. company has taken outside investment. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/QABULv2X9xM/
Chinese Gaming Firm Buys 60% Of Gay Dating App Grindr For $93M
Grindr, the social network for gay men, has sold a majority 60 percent stake to Chinese gaming company Beijing Kunlun Tech for $93 million. The deal, which values six-year-old Grindr at $155 million, is the first time that the U.S. company has taken outside investment. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/QABULv2X9xM/
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