(Reuters) -Dating app Grindr ( GRND ) said on Monday it has ended talks on a non-binding proposal from major shareholders to take the company private for $3.46 billion, citing uncertainty over financing.

The proposal, from investors Ray Zage and James Lu, who together control more than 60% of Grindr's ( GRND ) outstanding stock, lacked clarity on funding commitments, the company said.

"The special committee has been unable to obtain satisfactory information about definitive financing," the popular LGBTQIA+ dating platform said in a statement.

The bidders did not immediately respond to Reuters requests for comment.