Chinese gaming company Beijing Kunlun Tech Co Ltd said on Monday it had agreed t...
- Chinese gaming company Beijing Kunlun Tech Co Ltd said on Monday it had agreed to a request by the Committee on Foreign Investment in the United States to sell popular gay dating app Grindr, setting a June 2020 deadline to do so.
The development is a rare, high-profile example of CFIUS undoing an acquisition that has already been completed. Kunlun took over Grindr through two separate deals between 2016 and 2018 without submitting the acquisition for CFIUS review. Kunlun said in a regulatory filing it would shut down Grindr’s China operations and would not send any sensitive user data to China, in an effort to address concerns over data privacy.
Kunlun acquired a majority stake in Grindr in 2016 for $93 million. It bought out the remainder of the company in 2018.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Here are two tech stocks to invest in to avoid US-China trade exposure: Top tech analystFacebook and Netflix are great choices for investors in the near term, Mark Mahaney, lead technology analyst at RBC Capital Markets, says.
और पढो »
Jim Cramer swaps Twilio for Red Hat in his 'cloud kings' group of hot tech stocks'I'm not going to tell you that it's cheap, but I'd much rather own Twilio than these shiny new objects,' Cramer said.
और पढो »
Tim Cook says he's tired of big tech being painted as a 'monolithic' force that needs tearing apartTim Cook said Apple's approach to privacy sets it apart from the other tech giants.
और पढो »
Citigroup is switching up its innovation strategy in an effort to supercharge its markets techThe bank is in search of a global head of its innovation labs whose responsibilities will include integrating the labs so they work together.
और पढो »
The Farm Automation Breakthrough Bringing The High-Tech West Coast And Rural Rust Belt TogetherThe founders of FarmWise had an idea for a chemical-free method of removing weeds in big farming operations: an autonomous weeding robot. Then they realized they needed help to manufacture it. That's where Roush came in, and now the Silicon Valley and Rust Belt partners are off to the races.
और पढो »
GM’s Self-Driving Tech Unit Cruise Boosts Valuation To $19 Billion With New $1.15 Funding RoundThe San Francisco-based tech unit pulls in added funding from T. Rowe Price, existing investors SoftBank and Honda and GM itself.
और पढो »
GM’s Self-Driving Tech Unit Cruise Boosts Valuation To $19 Billion With New $1.15 Funding RoundThe San Francisco-based tech unit pulls in added funding from T. Rowe Price, existing investors SoftBank and Honda and GM itself.
और पढो »
Google wanted you to be bored at its latest developer conference — and it workedGoogle's sober tone at IO was no accident, and it's is sign of the tech backlash.
और पढो »
Cisco signs agreement to develop internet of things tech with major European utilityThe agreement could look at new connectivity systems and smart sensors.
और पढो »
Human lifespan could soon pass 100 years thanks to medical tech, says BofAOne of the biggest investment opportunities over the next decade will be in companies working to delay human death, Bank of America says.
और पढो »