Grindr Acquires HIV-Prevention Telehealth Provider Freddie for $250M
LGBTQ-focused dating platform Grindr Inc. agreed to acquire HIV-prevention telehealth provider Freddie for $250 million, marking its first major acquisition. Grindr shares rose 0.2% in overnight trading ahead of the announcement.
Grindr Inc. 2% in overnight trading ahead of Thursday after the LGBTQ-focused dating platform said it had agreed to acquire HIV-prevention telehealth provider Freddie for $250 million. The transaction marks Grindr’s first major acquisition since its founding in 2009 and expands the company’s offering in telehealth.