Kunlum agrees to sell popular social app Grindr for US$608m

CHINA – Chinese gaming company Beijing Kunlun Tech Co Ltd has said that it has agreed to sell Grindr LLC, a popular gay dating app it acquired in 2016, to San Vicente Acquisition LLC for about $608.5 million. Based in West Hollywood, California, Grindr has over 4.5 million daily active users, and describes itself as the world’s largest social networking app for gay, bisexual, transgender and queer people. The app, originally developed in Los Angeles, raised national security concerns after it was acquired by Beijing Kunlun in 2016 for $93…

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