Chinese billionaire behind Grindr to pay $1.14 billion in divorce

Photo via Grindr

Photo via Grindr

Chinese billionaire Zhou Yahui owns the controlling shares of gay dating and social networking app Grindr, but will have to share the wealth.

In a costly divorce settlement, a Beijing district court ruled that Zhou’s wife, Li Qiong, will receive 278 million shares from his gaming company, Beijing Kunlun Tech Company — worth $1.14 billion dollars.

Kunlun bought 60 percent of Grindr’s stock earlier this year for $93 million, giving the company a majority stake in Grindr.

Zhou will still have 388 million shares left, the majority stake in Kunlun. The company’s operations will not be affected by the divorce settlement, a company spokeswoman said.

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