FILE PHOTO: Grindr app is seen on a mobile phone in this photo illustration taken in Shanghai, China March 28, 2019. REUTERS/Aly Song/Illustration/File Photo
(Reuters) -Grindr's two largest shareholders said on Wednesday that they had withdrawn their proposed $3.46 billion offer to take the dating app private, shortly after the company ended talks over financing concerns.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.
