Chinese gaming company has confirmed that it is talking with US regulators following reports that it has been pressured to sell its ownership of the world’s leading gay dating app.
Beijing Kunlun Tech made headlines several years ago by buying Grindr in two stages in 2016 and 2017 for the combined sum of $245 million. The acquisition was made as part of Kunlun’s grand plans of following in the footsteps of other Chinese tech enterprises in becoming a global company by expanding into different realms.
However, that plan has recently run into a snag with Reuters reporting last week that the Committee for Foreign Investment in the United States (CFIUS) is pressuring Kunlun to sell Grindr, charging that its ownership of the California-based app “constitutes a national security risk” — presumably over concerns that Beijing might get its hands on some sensitive dick pics.
According to Reuters, Kunlun has already started the process of seeking out buyers. The company itself has remained fairly mum on the issue, but in a filing to Chinese regulators earlier this week did admit that it was in talks with CFIUS.