Sad end to the first major post-FIRRMA foreign investment review.

It’s a pretty good return for Kunlun as far as private equity goes. Probably a ~3x return in 3-4 years. But disappointing compared to its planned IPO, which was slated for a billion-dollar outcome.

CFIUS strikes! https://t.co/uo1EDBsAMa

— Evan J. Zimmerman (@ejzim) March 6, 2020

Grindr has been sold by its Chinese owner after the US expressed security concerns https://t.co/64MlxPFiqk pic.twitter.com/w8GfRCVEtt

— The Verge (@verge) March 6, 2020

Grindr's Chinese owner Kunlun is selling the app for more than $600 million after a failed IPO and a US government investigation. Kunlun acquired Grindr for about a third of that price. Failing up!https://t.co/03RegW3zt3

— Ryan Mac ? (@RMac18) March 6, 2020

Grindr's Chinese owner says to sell social media app for $608 million https://t.co/EhhMkL1pd8

— Teddy Schleifer (@teddyschleifer) March 6, 2020

Grindr's Chinese owner says to sell social media app for $608 million https://t.co/MfcdmedNXe

— blmohr (@blmohr) March 6, 2020

Grindr sold by Chinese owner after US national security concerns https://t.co/WhhW9GTrY8

— Financial Times (@FT) March 6, 2020

When a gay dating app becomes a national security priority: Grindr’s Chinese owner says to sell social media app for $608 million https://t.co/o0WF3G7nEE

— Ray Chan (@ray_slowbeat) March 6, 2020

You could say that Grindr's owners are.... Looking. https://t.co/wv93ZEf60V

— Tyler Dinucci (@TylerDinucci) March 6, 2020

Grindr has been sold by its Chinese owner after the US expressed security concerns https://t.co/NAam9PIvDj pic.twitter.com/oHILDxACZI

— The Verge (@verge) March 7, 2020