$1.1B: That's How Much Grindr's Chinese Owner Is Paying To Divorce His Wife

TIME - Sep 14 - Zhou Yahui, who purchased a controlling share in the gay-dating app Grindr early this year, was ordered by a Beijing court to hand over 705.4M shares of his online gaming company, Beijing Kunlun Tech, to his wife Li Qiong in a divorce settlement. The shares are worth about $1.1B based on the stock's closing price of $3.90 per share on the day of the ruling, making it one of the most expensive divorce settlements China has ever seen.

by Feliz Solomon
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Summarized by the Courtland Brooks team