Morgan Stanley Upgrades Grindr to Overweight, Sees 25% Upside on AI and Telehealth Push
New Edge AI tier and Woodwork telehealth expected to drive strong revenue growth.
New Edge AI tier and Woodwork telehealth expected to drive strong revenue growth.
Dating app Grindr ends take-private negotiations with major shareholders Ray Zage and James Lu, citing unclear financing for the $18/share deal valued at $3.46 billion.
Grindr beats Q3 estimates with 30% revenue growth and 17% increase in paying users, maintaining strong performance as majority investors propose $3.5B take-private deal.
Grindr's majority shareholders propose $18 per share buyout to take the dating app private. 51% premium offer targets Q1 2026 closing.