Two Grindr board members, part of an investor group that owns more than 60% of the company, have proposed to take one of the world's most recognised dating platforms for the LGBTQIA+ community private for about $3.46 billion.

Shares of the company closed up nearly 19% on Friday.

A deal would give board members Ray Zage and James Lu greater control of the popular LGBTQIA+ dating platform with millions of users in more than 190 countries, at a time when online dating companies are under immense pressure to rekindle growth.

Grindr, along with industry leaders such as Tinder-parent Match Group and Bumble has wrestled with slowing user additions and rising criticism of "swiping fatigue," as younger users experiment with AI-driven and niche matchmaking alternatives.

Zage and Lu originally ac

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