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	<title>kunlun &#8211; EFR Technology Group</title>
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	<title>kunlun &#8211; EFR Technology Group</title>
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		<title>Grindr&#8217;s Chinese owner has to sell the app by June 2020</title>
		<link>https://www.efrtechgroup.com/tech/grindrs-chinese-owner-has-to-sell-the-app-by-june-2020/</link>
		
		<dc:creator><![CDATA[Randall]]></dc:creator>
		<pubDate>Tue, 14 May 2019 07:50:00 +0000</pubDate>
				<category><![CDATA[cfius]]></category>
		<category><![CDATA[committee on foreign investment in the united states]]></category>
		<category><![CDATA[gear]]></category>
		<category><![CDATA[grindr]]></category>
		<category><![CDATA[kunlun]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Tech]]></category>
		<guid isPermaLink="false">https://www.efrtechgroup.com/grindrs-chinese-owner-has-to-sell-the-app-by-june-2020/</guid>

					<description><![CDATA[[ad_1] The Chinese company purchased a majority stake in Grindr back in 2016, before snapping up the rest of the app a couple of years later. According to Reuters, Kunlun took over the company without submitting the acquisition to CFIUS &#8212; the agency in charge of assessing national security risks of overseas acquisitions &#8212; for [&#8230;]]]></description>
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<p>The Chinese company purchased a majority stake in Grindr back in 2016, before snapping up the rest of the app a couple of years later. According to <a href="https://www.reuters.com/article/us-grindr-m-a-beijingkunlun/chinas-kunlun-tech-agrees-to-u-s-demand-to-sell-grindr-gay-dating-app-idUSKCN1SJ28N?feedType=RSS&amp;feedName=technologyNews"><em>Reuters</em></a>, Kunlun took over the company without submitting the acquisition to CFIUS &#8212; the agency in charge of assessing national security risks of overseas acquisitions &#8212; for review.</p>
<p>Although CFIUS didn&#8217;t elaborate on its concerns, one of the things it looks at is whether a particular purchase gives foreign entities access to sensitive details on US citizens, especially if they could involve US military or intelligence personnel. Kunlun has to sign over Grindr to a trustee if it fails to sell the app by June next year, but it has already started soliciting acquisition interest and offers. </p>
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<br /><a href="https://www.engadget.com/2019/05/14/grindr-sale-june-2020/">Source link </a></p>
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