BUZZ-Grindr shares fall after 250 millions USD deal with PurposeMed
路透社2026/10/01 16:11October 1 - ** Grindr GRND.N shares plummeted 8.8% to $14.07, marking their lowest level since June
** The LGBTQ+ dating platform (link) agreed to acquire PurposeMed—the parent company of remote HIV prevention services provider Freddie—for $250 million
** The deal includes $190 million in cash and $60 million in stock, and may also include up to an additional $70 million in cash depending on 2027 performance targets
** GRND stated that the acquisition is intended to help millions of users with HIV prevention
** This is GRND's first major acquisition since its founding, and it is expected to close in the fourth quarter of 2026
** Including intraday trading, GRND has gained 3.9% year to date
(To assist non-English speakers, Reuters has automated the translation of its reports into several other languages. Since automated translation may be incorrect or lack necessary context, Reuters does not guarantee the accuracy of this automated translation, which is provided solely for reader convenience. Reuters assumes no responsibility for any damage or loss resulting from the use of automated translation.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Euro-area Inflation: Headline pressures rise – Nordea
Broadcom and Blackstone jointly raise $60 billions to pave the way for AI compute power for companies such as Anthropic
Broadcom is leading a $60 billion debt financing initiative to provide funding for AI companies such as Anthropic to purchase chips and build data centers. Of this amount, $42 billion in senior secured bonds will be syndicated by Broadcom with Wall Street banks, while $18 billion in subordinated debt is being led by Blackstone, whose funds have committed $9 billion. The deal has been in preparation for several weeks but has not yet been officially announced.
Lloyds and Visa Tested Cross-Border Stablecoin Settlement Between the U.K. and the U.S.
Euro trims daily gains as Eurozone inflation accelerates above expectations
Crypto prices
More
