By Stephen Nakrosis
Social network Grindr will become a publicly traded company following a business acquisition with special purpose acquisition company Tiga Acquisition Corp.
Grindr, a social network for the LGBTQ+ community, would have an estimated post-transaction enterprise value of $2.1 billion, the companies said. Following completion of the deal, the combined company will be named Grindr Inc.
Jeff Bonforte, chief executive of Grindr, said, “Grindr is well positioned to be a public company and will continue to expand the ways it serves the LGBTQ+ community, from products, services to the philanthropic and advocacy work done through Grindr 4 Equality.”
Following the close of the deal, G. Raymond Zage, the chairman and chief executive of Tiga Acquisition, will serve on the Grindr board, as will Mr. Bonforte. James F. Lu, the chair of Grindr’s board, will continue to serve in that position following…
