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Grindr’s Biggest Investors Are Billionaires on Stock Surge

  • Former Farallon partner owns a stake worth over $2.6 billion
  • Shares popped after its merger with a blank-check company
The Grindr app
The Grindr appPhotographer: Leon Neal/Getty Images Europe
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Shares of Grindr Inc. more than tripled Friday after the dating app closed its merger with a blank-check company, giving two investors stakes worth billions, at least on paper. 

G. Raymond Zage III, a former partner at hedge fund Farallon Capital, owns a stake worth more than $2.6 billion, according to the Bloomberg Billionaires Index. Zage founded blank-check company Tiga Acquisition Corp. in 2020. Tiga agreed to acquire Grindr, which is popular in the LGTBQ+ community, in May at a deal that valued it at about $2.1 billion.