Grindr’s New York-listed shares soared nearly 19% Friday, the biggest jump in three years, after billionaire George Raymond Zage III and Chairman James Lu offered to buy out minority shareholders, valuing the LGBTQ dating app at $3.5 billion. The duo plans to take Grindr private at $18 a share — a 51% premium to its October 10 price. Zage said, “We are strong believers in the long-term outlook for the company.” Zage and Lu currently own 64% of Grindr.
