Why is Chinese ownership of a gay dating app a

For example, CFIUS blocked the Singapore-based chipmaker Broadcom from acquiring Qualcomm last year, arguing that consolidation in the semiconductor industry could help Chinese companies like Huawei, even though China had nothing to do with that particular deal.

Grindr also won't be able to transmit any sensitive information to any entities based in China. CFIUS was supposed to stop investment screening from being politicized, Why is Chinese ownership of a gay dating app a now the politics seem here to stay.

Sorry, your blog cannot share posts by email. These numbers suggest China is pursuing smaller deals that are more likely to fly under the radar. CFIUS' intervention in the Grindr deal underscores its focus on the safety of personal data, after it blocked the acquisitions of U.

Why is Chinese ownership of a gay dating app a

These numbers suggest China is pursuing smaller deals that are more likely to fly under the radar. As a result of CFIUS' intervention, Kunlun has now shifted its focus to an auction process to sell Grindr outright, given that the IPO would have kept Grindr under Kunlun's control for a longer period of time, the sources said.

The company collects personal information submitted by its users, including a person's location, messages, and in some cases even someone's HIV status, according to its privacy policy. Previous examples of the U. Sign up for free newsletters and get more CNBC delivered to your inbox.

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Things are changing quickly. The U. Connect with ABC News. Grindr has hired investment bank Cowen to handle the sale process, and is soliciting acquisition interest from U.

  • The action, which is being driven by the Committee on Foreign Investment in the United States , is unusual given that the panel typically investigates mergers that could result in control of an American business by a foreign individual or company, judging whether deals could threaten national security.
  • See also: Ireland says 'yes' to same-sex marriage in historic vote.
  • Updated May 16,
  • Originally published as Why is the U.
  • While they do deal mainly with voluntary submissions, Kunlun allegedly did not submit a review altogether.
  • The app has become a go-to hookup app for men looking for same-sex relationships, getting about 2 million daily users.

Timothy P. Meanwhile, regulatory maneuvers have become a front in the trade war between the US and China. Get In Touch.

Why is Chinese ownership of a gay dating app a

  • Famous gay dating sites in india Summer March 22
  • Chinese gaming company Beijing Kunlun Tech is seeking to sell Grindr, the popular gay dating app it has owned since , after a US government national​. The Chinese owner of gay dating app Grindr plans to list the firm publicly after US authorities abandoned their opposition to the move.
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  • Last week, the U.S. government revealed it was demanding the Chinese owners of Grindr, the gay dating app, give up their control of the. Chinese gaming company Beijing Kunlun Tech is seeking to sell Grindr, the popular gay dating app it has owned since , after a U.S.
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