Exclusive: An investor group that got U.S. approval to buy Grindr has financial and personal links to the dating app’s current owner, China’s Beijing Kunlun Tech, Reuters found
NEW YORK/WASHINGTON - An investor group that got U.S. approval to buy Grindr Inc has financial and personal links to the dating app’s current owner, China’s Beijing Kunlun Tech Co Ltd , Reuters has found, in a possible departure from Washington’s national security policy on deals.
Kunlun also offered financing support to San Vicente that it didn’t extend to two other groups, according to two other sources familiar with some of the other bidders. CFIUS ordered Kunlun to divest Grindr in May 2019, giving the Chinese company until June 30, 2020 for the deal to be completed. The U.S. panel was concerned that personal data of U.S. citizens held by Grindr, such as private messages and HIV status, could be compromised after Kunlun gave access to the app’s database to employees in China, sources previously told Reuters.
Fei was also a senior executive at Duo Capital, an investment manager that set up a fund to buy Grindr following the CFIUS order to Kunlun, according to the fundraising documents and two of the sources.
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