(Reuters) -Insiders at dating app Grindr ( GRND ) are discussing taking it private after a share slump put its top owners in a tight personal financial position, Semafor reported on Monday, citing people familiar with the matter.

Grindr ( GRND ) shares jumped more than 10% following the report. They have lost about 26% so far this year.

Raymond Zage and James Lu, who control majority of Grindr ( GRND ), are in talks to secure debt financing from Fortress Investment Group to acquire the dating app, the report said.

Zage and Lu have discussed a buyout price of around $15 per share, the report said, adding that the number could change. A deal at that price would value Grindr ( GRND ) at around $3 billion.

The talks have accelerated after a unit of Temasek, having extended personal loans to at least one of Grindr's ( GRND ) owners secured by their holdings, seized some of those shares last week and sold them, Semafor reported.

Both Grindr ( GRND ) and Fortress Investment Group declined to comment on Reuters' requests.

Originally owned by Beijing Kunlun Tech, Grindr ( GRND ) was sold to San Vicente Acquisition LLC for more than $600 million in 2020 after the U.S. Committee on Foreign Investment raised national security concerns.