Insiders at dating app Grindr are considering taking it private due to a share slump, with top owners Raymond Zage and James Lu in talks to secure debt financing from Fortress Investment Group. The proposed buyout price is around $15 per share, valuing Grindr at approximately $3 billion. Grindr shares rose 10% following the news, but have dropped 26% this year. Temasek’s unit seized and sold shares after extending personal loans to Grindr’s owners. The app was sold for over $600 million in 2020 due to national security concerns. Both Grindr and Fortress Investment Group declined to comment on the matter.

Read more at Yahoo Finance: Dating app Grindr explores go-private deal, Semafor reports