12:40 PM EDT, 10/13/2025 (MT Newswires) -- Grindr's ( GRND ) majority shareholders are exploring a deal to take the company private, Semafor reported Monday, citing people familiar with the matter.

Raymond Zage and James Lu, who control a majority stake of the dating app, are holding negotiations to secure debt financing from Fortress Investment Group to fund the buyout, the report said.

The pair have discussed a potential offer of $15 a share, valuing Grindr ( GRND ) at $3 billion, the report said.

A unit of Singapore sovereign-wealth fund Temasek, which made personal loans to at least one of the men secured by their Grindr ( GRND ) holdings, seized and sold some of those shares last week, the report said.

Grindr ( GRND ) declined to comment to MT Newswires.

Shares of the company rose 10% in recent Monday trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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