Gay dating app Grindr to go public in $2.1 billion SPAC deal

May 9, 2022 · Gay dating app Grindr said on Monday it would go public through a merger with a blank-check acquisition firm - a deal that values it at $2.1 billion and features Tiga Investments …

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Gay Dating App Grindr To Go Public In $2.1 Billion SPAC Deal

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May 9, 2022 · Gay dating app Grindr said on Monday it would go public through a merger with a blank-check acquisition firm - a deal that values it at $2.1 billion and features Tiga Investments …

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Dating App Grindr Is Set To Go Public Via A SPAC Merger Valued At …

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May 10, 2022 · Dating app Grindr is slated to go public via a SPAC merger with NYSE-listed Tiga Acquisition Corp. The combined company is valued at $2.1 billion and is expected to raise …

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Dating App Grindr To Go Public Via $2.1B SPAC Merger

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May 10, 2022 · These funds will further serve members of Grindr’s LGBTQ+ community with its core product, as well as support growth areas and launch new endeavors. Once the merger …

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Dating App Grindr Is Set To Go Public Via A SPAC Merger Valued At …

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The merger is set to raise $384 million for Grindr, which the company plans to use to pay down debt and fund growth. Dating app Grindr is set to go public via a SPAC merger valued at $2.1 …

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Dating App Grindr Merging With Tiga Acquisition In $2.1B Deal

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May 10, 2022 · Grindr, a social network for the LGBTQ+ community, plans to go public via a merger with Tiga Acquisition in a deal with a post-transaction enterprise value of $2.1 billion. …

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Tiga Acquisition Files Investor Presentation On $2.1B Grindr Deal

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Sep 15, 2022 · The SPAC is currently on its third deadline extension, now due to expire Nov. 27. As announced in May, the Grindr deal has a post-transaction enterprise value. Tiga …

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Gay Dating App Grindr To Go Public In Spac Deal - Financial Times

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May 9, 2022 · Gay dating app Grindr plans to go public through a merger with a special purpose acquisition company, in a deal that it said would give the business an implied valuation of $2.1bn.

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Gay Dating App Grindr To Go Public In $2.1bn Spac Deal

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May 10, 2022 · Merger comes two years after Kunlun Tech divested it due to national security concerns

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LGBTQ+ Dating App Grindr To Go Public In $2.1 Billion SPAC Deal

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May 10, 2022 · Grindr’s SPAC merger will raise $384 million for the LGBTQ+ dating app as it becomes a publicly-traded dating app. The outlay includes $284 million in cash from Tiga and …

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Dating App Grindr Is Going Public Via SPAC Deal - Dot.la

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May 9, 2022 · Queer dating app Grindr is planning to go public by merging with a Singapore-based blank-check company in a deal that would value the company at roughly $2.1 billion. …

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Gay Dating App Grindr To Go Public Via SPAC Deal - Finder UK

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May 11, 2022 · The transaction with Tiga Acquisition values the company at $2.1 billion (£1.7 billion). Gay dating app Grindr plans to go public later this year through a merger with special …

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Gay Dating App Grindr To Go Public In $2.1 Billion SPAC Deal

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May 10, 2022 · Gay Dating App Grindr to Go Public in $2.1 Billion SPAC Deal Gurutrade May 10, 2022 at 7:10 PM 662 (Reuters) - Gay dating app Grindr said on Monday it would go public …

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Dating App Grindr Set To Go Public Via SPAC - PYMNTS.com

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May 10, 2022 · Gay dating app Grindr is going public through a merger with a special purpose acquisition company (SPAC) firm that would value the company at $2.1 billion, Reuters wrote …

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FAQs about Gay dating app Grindr to go public in $2.1 billion SPAC deal Coupon?

Is dating app Grindr going public?

Dating app Grindr is going public via a SPAC merger. Dating app Grindr is slated to go public via a SPAC merger with NYSE-listed Tiga Acquisition Corp. The combined company is valued at $2.1 billion and is expected to raise $384 million for Grindr. ...

Will Grindr merge with a SPAC?

Grindr said Monday it will merge with a SPAC dubbed Tiga Acquisition Corp. The deal values the LGBTQ+ dating app at a total enterprise value of $2.1 billion post transaction closing. The SPAC merger - which is expected to close in the second half of the year — will raise $384 million in total funds for Grindr. ...

How much money will the SPAC merger raise for Grindr?

The SPAC merger - which is expected to close in the second half of the year — will raise $384 million in total funds for Grindr. “Grindr is the leading platform focused on the LGBTQ+ community for digital connection and engagement," Grindr CEO Jeff Bonforte said in a statement. ...

How much will Grindr get from Tiga Acquisition Corp?

The app will receive $384mn in proceeds as part of the transaction announced Monday with Tiga Acquisition Corp, a Spac set up by Ashish Gupta in 2020. A significant chunk of that sum will be used to pay down Grindr’s debt. ...

Does Grindr have a good story to pitch to investors?

Grindr will join Match (Tinder owner) and Bumble as the primary publicly traded dating apps. And it appears to have a solid story to pitch to investors. According to the company's investor presentation, Grindr had $147 million in sales in 2021 and $77 million in adjusted EBITDA (earnings before interest, taxes, depreciation and amortization). ...

Is Grindr a monetization platform for LGBTQ+ people?

"Grindr has established itself as the primary social network for LGBTQ+ people, enabling meaningful expansion of its monetization within a continuously growing market," said Raymond Zage, Chairman and CEO of Tiga. ...