Reuters reports that Beijing Kunlun Tech will sell the popular gay dating app Grindr in the immediate future, with the sale price said to be set around $600 million.
The move comes just four years after Kunlun bought the app from its original creator, Joel Simkhai, in 2016. It also comes after the Committee on Foreign Investment in the United States, a government watchdog group, ordered Kundun to sell off a majority stake in the company last year.