Grindr is based in California, and was acquired by a Chinese company. Credit: dennizn/Shutterstock.com
Under pressure from CFIUS, a Chinese gaming company may sell the dating app for which it paid hundreds of millions. Tom Shoesmith, Pillsbury Winthrop Shaw Pittman’s China practice leader, talks what it means for future deals.
April 08, 2019 at 01:00 AM
1 minute read
The original version of this story was published on Therecorder/therecorder
The U.S. government is taking a closer look at cross-border mergers and acquisitions, and that has major implications for dealmakers.
Chinese gaming company Beijing Kunlun Tech Co. Ltd. said last week that it has not reached an agreement with the Committee on Foreign Investment in the United States (CFIUS) regarding its stake in gay dating app Grindr, despite previous reports of the mounting pressure on the Beijing-based company.
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