On Friday, October 24 2025, Grindr Inc. (NYSE: GRND) announced that its controlling shareholders, Chairman James Fu Bin Lu and investor George Raymond Zage III, have submitted a formal buyout proposal to acquire all remaining shares of the company. The offer values each share at $18, representing a 51% premium over the October 10 closing price of $11.96 and a significant upside for minority shareholders.
The proposal includes a detailed financing structure: an equity rollover, a $1 billion first‑liability term loan, up to $100 million in new cash equity from the proposing shareholders, and the possibility of third‑party equity investment. The deal is contingent on a minimum per‑share price of $15, and the proposers have stated that they will not alter the current leadership team. A special committee of independent directors has been convened to evaluate the offer.
Grindr’s board has requested a response to the proposal by October 31, with the parties targeting a closing in the first quarter of 2026. If the transaction is completed, Grindr would be delisted from the New York Stock Exchange. Following the announcement, the company’s shares surged 22.7% in the early afternoon, trading around $15.55, reflecting investor reaction to the premium offer.
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