The US is increasingly scrutinising app developers over the safety of personal data they handle, especially if some of it involves US military or intelligence personnel
FILE PHOTO: An unidentified man using a smart phone walks through London's Canary Wharf financial district in the evening light in London, Britain, September 28, 2018. Picture: REUTERS / RUSSELL BOYCE
CFIUS's specific concerns and whether any attempt was made to mitigate them could not be learnt. The US has been increasingly scrutinising app developers over the safety of personal data they handle, especially if some of it involves US military or intelligence personnel. The development represents a rare, high-profile example of CFIUS undoing an acquisition that has already been completed. Kunlun took over Grindr through two separate deals between 2016 and 2018 without submitting the acquisition for CFIUS review, according to the sources, making it vulnerable to such an intervention.Kunlun representatives did not respond to requests for comment. Grindr and Cowen declined to comment.
CFIUS does not always reveal the reasons it chooses to block a deal to the companies involved, as doing so could potentially reveal classified conclusions by US agencies, said Jason Waite, a partner at law firm Alston & Bird focusing on the regulatory aspects of international trade and investment.
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