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Grindr rejects $18/share takeover bid, citing strong growth and raised 2026 revenue guidance.

Market News
25 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Grindr's board has rejected a takeover offer of $18 per share, believing it undervalues the company's growth prospects. Despite a slowdown in competitors like Match Group and Bumble, Grindr continues to grow revenue by over 30% year-over-year. The company has raised its 2026 revenue guidance to at least $535 million and EBITDA to $227 million, driven by accelerating momentum. Additionally, Grindr plans to launch a premium tier called Edge by late 2026 or early 2027, which is expected to further boost growth.

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