Grindr

The majority shareholders of Grindr, board members George Raymond Zage III and James Lu, have submitted a proposal to acquire the company for about $3.46 billion, or roughly $18 per share. The offer represents a 51% premium over the closing price on October 10 according to a report Reuters report.

The deal would give Zage and Lu, together holding over 60% of the company, full control and remove Grindr from the scrutiny of public markets. The proposal gains momentum after filings showed they secured strong expressions of interest for financing and equity contributions. A special committee of independent directors has been formed to review the bid.

Grindr could soon disappear from Wall Street’s spotlight. The LGBTQ dating app’s two largest shareholders—billionaires George Raymond Zage III and James Lu—have raised $1 billion in financing to explore taking the company private in a deal that would value it at around $3 billion. According to a recent Forbes Asia report, the proposal aims to buy back remaining shares at a minimum of $15 each.

The funding, revealed in an October 14 regulatory filing with the U.S. Securities and Exchange Commission (SEC), represents a preliminary and conditional step toward a full buyout. While the filing didn’t name the lender, reports from Semafor indicate that New York–based Fortress Investment Group may be backing the deal.

“Young people aren’t disinterested—they’re priced out.” That’s George Arison’s CEO of Grindr's bold argument. In a recent interview, he pushed back against the narrative that Gen Z is losing faith in dating. Instead, he says, it’s the overly monetized business models of many apps that are driving users away.

Arison points out that some dating apps charge for virtually everything—messaging, matching, visibility—making the free versions almost unusable. He claims Grindr has intentionally kept its free product “extremely robust” so that users don’t feel compelled to pay just to participate.

The Democrats have launched a new series of ads on dating app Grindr to appeal to young LGBTQ+ daters, in hopes of turning out more votes ahead of election day on November 5th.

According to The Advocate, the targeted ads focus on the Republican party’s Project 2025, emphasizing that the document threatens LGBTQ+ rights. These ads urge people to vote against the extremist agenda. One ad says: “Project 2025 Rips Away Our Rights. Stop Republicans. Make a plan to vote at IWillVote.com.”

The Kamala Harris campaign has spent three figures on the ads, indicating the importance of the LGBTQ+ constituency to her success.

Gay dating app Grindr has been hinting at its development of an AI wingman, but now the company is officially testing an initial model, according to The Wall Street Journal.

The WSJ interview with CEO George Arison included more details on the AI wingman, which will keep track of a user’s matches and make conversational suggestions based on messages they have had with other users. The AI bot will even recommend matches with long-term relationship potential and suggest places where they could meet.

According to Arison, down the line, the AI wingmen of Grindr users will be able to chat with each other so they can offer a “robust view” of a match before the user decides to meet in person. “Bot-to-bot conversation not only saves the humans time, it might also spot dating deal-breakers early on,” he told WSJ.

New gay dating apps like Scruff and Archer are positioning themselves to capture a bigger portion of the LGBTQ+ online dating market as Grindr complaints and technical issues rise.

Grindr has long been the most popular dating app for gay daters, but recently people have posted complaints on social media and online forums, saying that they are experiencing technical issues, not getting access to the features they paid for, and other problems, according to Mashable.

This year, Grindr has experienced significant bugs and periods of downed service. At the same time, it has asked its users to pay more to access certain popular features, including limiting both “taps” and “explore” features and requiring them to buy subscriptions.