(Reuters) -Grindr’s two largest shareholders said on Wednesday that they had withdrawn their proposed $3.46 billion offer to take the dating app private, shortly after the company ended talks over financing concerns.

Ray Zage and James Lu, who together own more than 60% of Grindr’s outstanding shares, had offered $18 per share last month, representing a 51% premium over the company’s stock price at the time.

However, Grindr’s special committee ended negotiations earlier this week, citing that they were “unable to obtain satisfactory information about definitive financing.”

The two shareholders said they had received strong interest from lenders and investors to support the transaction but did not disclose their names.

Following the withdrawal, Zage said he intended to buy additional Gr

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