Grindr Inc. (NYSE:GRND) saw a significant 18.86% surge in its stock price on Friday, closing at $15.06 per share. This increase came after news broke that the company had received a privatization offer potentially valued at $3.46 billion. The proposal, put forth by major shareholders Ray Zage and James Lu, offers to buy out remaining shareholders at $18 per share, representing a 19.5% premium. While the board and special committee are evaluating the offer, there is no guarantee of a transaction. Investors are advised to explore other AI stocks that may offer higher returns with less risk.

Read more at Yahoo Finance: Grindr (GRND) Soars 18.9% on Billion-Dollar Privatization Bid