Gay hookup app Grindr has had a majority stake sold to Beijing Kunlun, a Chinese gaming firm.
Beijing Kunlun will be in control of 60% of the app, valued at around $155 million USD.
“We have users in every country in the world, but in order to get to the next phase of our business and grow faster, we needed a partner,” Carter McJunkin, Chief Operating Officer of Grindr, said to the New York Times.
Grindr’s estimated user base is around 2 million, which is decimated by a Chinese gay hookup app called Blued.
Beijing Kunlun makes a variety of online and mobile games, primarily focused in China.
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