10:30 AM EDT, 10/24/2025 (MT Newswires) -- Grindr ( GRND ) has received a proposal from James Fu Bin Lu and George Raymond Zage III to buy all of the company's shares that they do not already own at $18 per share in a going-private deal, according to a regulatory filing Friday.

Lu and Zage said in a letter to Grindr ( GRND ) included in the filing that they, and affiliated entities, own more than 60% of Grindr ( GRND ) shares. They may also invite other Grindr ( GRND ) shareholders to participate in the acquisition, they added.

The planned acquisition would result in Grindr ( GRND ) becoming wholly owned by the buyers and delisted from the New York Stock Exchange, according to the letter.

Grindr ( GRND ) shares were up 24% in recent trading.

Price: 15.72, Change: +3.05, Percent Change: +24.03