Grindr ends talks on $3.46 billion take-private bid over financing uncertainty

Dating app Grindr said on Monday it has ended talks on a $3.46 billion take-private deal by its two largest shareholders, citing uncertainty over the deal’s financing.

Shares of the company were down about 12% after a special committee said investors Ray Zage and James Lu, who together control more than 60% of Grindr’s outstanding stock, had failed to provide clarity on timing and financing on the October bid.