The Committee on Foreign Investment in the us (CFIUS) has informed Kunlun that its ownership of western Hollywood, California-based Grindr is really a security that is national, the 2 sources stated.
CFIUS’ certain concerns and whether any effort had been meant to mitigate them could never be discovered. America happens to be increasingly examining software developers throughout the safety of individual information they handle, particularly if a few of it involves U.S. Military or intelligence workers.
Kunlun had said final August it had been finding your way through a preliminary offering that is publicIPO) of Grindr. The sources said as a result of CFIUS’ intervention, Kunlun has now shifted its focus to an auction process to sell Grindr outright, given that the IPO would have kept Grindr under Kunlun’s control for a longer period of time.