Grindr’s owners may take it private after a financial squeeze
In Brief Posted: 2:24 PM PDT · October 13, 2025 Image Credits:Leon Neal (opens in a new window) Connie Loizos Grindr’s owners may take it private after a financial squeeze Grindr’s majority owners are scrambling to take the LGBTQ+ dating app private after a stock decline triggered a personal financial crisis, according to a report from Semafor. The owners in question are Raymond Zage, a former hedge fund manager and U.S. expat now based in Singapore, and James Lu, a Chinese-American entrepreneur and former Amazon and Baidu exec. Together they led the 2020 acquisition of Grindr from Chinese ownership for over $600 million, then took the app public in 2022 through a blank-check merger. Reportedly, Zage and Lu, who together control more than 60% of Grindr,…
