Gay dating app Grindr to float in $2.1bn deal

Company, which has 10.8 million monthly active users, aims to hire LGBTQ+ chief executive

Grindr plans to float through a merger with a so-called Spac investment company in a deal that values the gay dating app at $2.1bn (1.7bn).

The app will receive $384m as part of the deal with Tiga Acquisition Corp (TAC), the Singapore-based special purpose acquisition company (Spac) - also known as a blank cheque" shell company that raises money first and seeks businesses to buy later.