THEGAYUK

We Are Gay UK

Grindr is now owned by a Chinese gaming company

Grindr has now been bought by a Chinese gaming company, meaning it is not under the LGBT ownership anymore.

In 2016 Grindr’s founder Joel Simkhai announced that he had sold 60 percent of the dating app to the Chinese gaming firm Kunlun Tech Co. The remaining 40 percent has now been snapped up by the same firm in a deal thought to be worth $152 million.

The initial purchase of just over 60 percent was thought to be worth $93 million.

The app has over 3 million daily users.

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