Trump purchases separate company that is shenzhen-listed additionally divest United states holdings
NYC — Beijing Kunlun Tech has consented to offer gay dating software Grindr to abide by requests through the U.S. federal government, which deems Chinese ownership associated with Los Angeles-based business a nationwide risk of security.
Kunlun’s board has approved the sale of Grindr for $608 million to an American investment holding firm, the business stated in a Friday filing that is regulatory. The Shenzhen-listed business had poured $245 million into acquiring the Los Angeles-based business, which is why it had plans for a short general public providing.
Hours after Kunlun’s statement, U.S. President Donald Trump signed an executive purchase mandating another Shenzhen-listed business, Beijing Shiji Ideas Technology, to divest all passions in StayNTouch, a Maryland-based computer software business providing administration systems to resort hotels. Continue reading “Bowing to US stress, Chinese owner sells gay dating software Grindr”