The Chinese owner of Grindr is required to sell the popular gay-dating app by June 2020 under an agreement with US officials who raised national security concerns about the app's ownership.[WASHINGTON] The Chinese owner of Grindr is required to sell the popular gay-dating app by June 2020 under an agreement with US officials who raised national security concerns about the app's ownership.
Beijing Kunlun Tech said in a statement Monday that it reached a May 9 agreement that prohibits the company from accessing information about Grindr's users and requires the sale of the app before June 30, 2020.The national security agreement was reached with the Committee on Foreign Investment in the US, which vets overseas acquisitions of American businesses for risks to national security.
If Kunlun doesn't manage to sell Grindr by the June 2020 date, it would sign the app over to a trustee, under terms of the agreement with Cfius.
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