Zage and Fu Bin Lu React to Grindr's Rejection of Their Proposal
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 26 2025
0mins
Proposal Withdrawal: George Raymond Zage Ill and James Fu Bin Lu, who own over 60% of Grindr's shares, have withdrawn their non-binding proposal to take the company private for $18.00 per share after the Grindr Special Committee ceased engagement due to financing uncertainties.
Financing Interest: The Proposing Shareholders had received significant unsolicited interest for acquisition financing, including letters of confidence and offers of senior debt, hybrid securities, and equity.
Future Intentions: Instead of pursuing privatization, Mr. Zage plans to continue purchasing additional shares of Grindr in the market, adhering to the company's trading policies.
Shareholder Returns: Mr. Zage will advocate for the company's management to enhance share repurchase plans and potentially introduce dividends to improve returns for shareholders.
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Analyst Views on GRND
Wall Street analysts forecast GRND stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GRND is 22.00 USD with a low forecast of 20.00 USD and a high forecast of 26.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 11.620
Low
20.00
Averages
22.00
High
26.00
Current: 11.620
Low
20.00
Averages
22.00
High
26.00
About GRND
Grindr Inc. manages and operates the Grindr platform, which a global social networking platform primarily serving and addressing the needs of gay, bisexual, and sexually explorative adults. The Company is developing new products for users to engage with the Grindr platform, which include new partnership-based digital versions of services typically found in physical gayborhoods. Its platform enables GBTQ adults to connect with one another. Its platform helps its users find what they are looking for: casual dating, long-term relationships, community and friendships, professional networking, travel information and local discovery. The Grindr platform offers a variety of location-based social features and functions, including identity expression (profile, photos, presence); connection (search, filters, the Cascade, Viewed Me); and interaction (chat, media sharing); with trust and safety tools across the experience, and subscriptions for premium features offering further access and control.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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