(Reuters) – Chinese gaming team Beijing Kunlun technology Co Ltd are trying to sell Grindr LLC, the most popular gay relationships software it’s got had since 2016, after a U.S. government nationwide safety panel brought up concerns about their control, based on folk acquainted with the matter.
The Committee on unknown financial in the us (CFIUS) has updated Kunlun that their possession of West Hollywood, California-based Grindr constitutes a national security risk, both resources said.
CFIUSa€™ specific concerns and whether any attempt was developed to mitigate them couldn’t feel learned. The United States might progressively scrutinizing software designers on top of the security of individual facts they manage, especially if the it involves U.S. army or intelligence workforce.
Kunlun got mentioned final August it absolutely was get yourself ready for an initial general public offering (IPO) of Grindr. Through CFIUSa€™ intervention, Kunlun has shifted the focus to a public auction techniques to market Grindr downright, since the IPO would have stored Grindr under Kunluna€™s regulation for a longer time period, the sources said.
Grindr keeps chose expense financial Cowen Inc to carry out the purchase process, and is also obtaining acquisition interest from U.S. 続きを読む