China’s Beijing Kunlun to revisit Grindr IPO

By Meg Shen and Echo Wang HONG KONG/NEW YORK (Reuters) - Chinese gaming company Beijing Kunlun Tech Co Ltd said on Monday it would revive plans for an initial public offering (IPO) of popular gay dating app Grindr Inc, after a U.S. national security panel dropped its opposition to the plan. Kunlun said in May it had agreed to a request by the Committee on Foreign Investment in the United States (CFIUS) to sell Grindr, setting a June 2020 deadline to do so and putting preparations for an IPO of Grindr on hold.

The post China’s Beijing Kunlun to revisit Grindr IPO appeared first on Firstpost.

from Firstpost https://ift.tt/2Zm2KLI
via IFTTT