Chinese gaming firm Beijing Kunlun Tech’s ownership of Grindr may be a national security issue, the Committee on Foreign Investment in the United States (CFIUS) has reportedly said. The US is growing increasingly concerned app development could put personal data, particularly that of its military or intelligence personnel, at risk. Kunlun had planned an initial public offering for Grindr, but scrutiny from CFIUS has reportedly convinced it to offload the dating app instead. The company purchased Grindr outright in 2016 after buying a $93m majority stake in 2018, but did not submit the acquisition for review by CFIUS.
Chinese gaming firm Beijing Kunlun Tech’s ownership of Grindr may be a national security issue, the Committee on Foreign Investment in the United States (CFIUS) has reportedly said. The US is growing increasingly concerned app development could put personal data, particularly that of its military or intelligence personnel, at risk. Kunlun had planned an initial public offering for Grindr, but scrutiny from CFIUS has reportedly convinced it to offload the dating app instead. The company purchased Grindr outright in 2018 after buying a $93m majority stake in 2016, but did not submit the acquisition for review by CFIUS.