Nov 24 (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.