Grindr receives buyout offer to take dating app private

Grindr receives buyout offer to take dating app private

Grindr, the publicly-traded company behind the popular dating and social networking app for LGBTQ people, is closer to becoming private. On Friday, two of Grindr’s board members who are also major investors offered to acquire the West Hollywood company for $18 per share in cash, a proposal that would value Grindr at nearly $3.5 billion.…

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Swiss National Bank likely intervening to weaken franc: UBS

Swiss National Bank likely intervening to weaken franc: UBS

[ZURICH] The Swiss National Bank (SNB) is probably stepping into the market to weaken the franc, according to economists at UBS Group. “Current market conditions indicate an elevated risk of SNB intervention,” Florian Germanier, Maxime Botteron and Constantin Bolz said Wednesday in an emailed note. “With the likelihood of SNB FX purchases rising, we believe…

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