Exclusive: U.S. pushes Chinese owner of Grindr to divest the dating app
The Committee on Foreign Investment in the United States (CFIUS) has informed Kunlun that its ownership of West Hollywood, California-based Grindr constitutes a national security risk.
The development represents 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.
CFIUS' intervention in the Grindr deal underscores its focus on the safety of personal data, after it blocked the acquisitions of U.S. money transfer company MoneyGram International Inc and mobile marketing firm AppLovin by Chinese bidders in the last two years.
@pstAsiatech
@ulywang
Well clearly information owned by this business could be used to blackmail apparently โclean livingโ politicians and officials.
@Starcourse
@ulywang
That sort of logic, in real world, is actually implausible and illogical, but it sounds just sinister and plausible enough that the conspiracy lovers will jump on it..
@pstAsiatech
Yeah, I actually rate that one not totally unreasonable. After seeing the far-reaching impact of Ashley Madison data being leaked, and the nation state efforts to compromise OPM, absolutely. Itโs a fair - if unlikely - concern.
@pstAsiatech
Sometimes I wish Canada would use the national security excuse more often whenever Chinese or other mega large corporations line up to buy our assets. We allow everything to be corporately controlled and foreign owned, open to the world, even kingpin dirty laundered money.
@pstAsiatech
Do u know Obama vetoed sale of Hotel Del Coronado to Chinese because of natl security concerns, but Trump okayed the $1 billion sale a year later?
@UTWatchdog
@latimes