Multiple corporate developments including Naver's crypto exchange acquisition, Grindr's stock movements, Sinclair's acquisition offer for Scripps, and SoftBank's chip startup purchase.

Grindr's stock dropped after the company's special committee rejected a take-private proposal from shareholders Ray Zage and James Lu, who offered $18 per share in cash. The board cited uncertainty about the proposal's financing.

Securities law firm investigating Grindr's potential take-private transaction by majority stockholders James Fu Bin Lu and George Raymond Zage, III, which may breach fiduciary duties to minority shareholders.

Multiple companies are exploring strategic transactions, including potential private equity deals for Grindr, sale of Too Faced cosmetics, and various mergers and acquisitions across technology, media, and financial sectors.

Pixalate released the May 2025 Top 100 North America Mobile App Bundle IDs Rankings for the Google Play Store and Apple App Store. The reports highlight the top mobile app Bundle IDs in the U.S. and Canada, with 'Happy Color®: Coloring Book' leading on Google Play in the U.S. and Canada, and 'Grindr - Gay Dating & Chat' ranking No. 1 on the Apple App Store in Canada.

Pixalate released the top 100 mobile app bundle IDs for open programmatic advertising in the APAC region, including China, Japan, and Singapore, for December 2024. The rankings are based on programmatic advertising volume and invalid traffic removal.

Pixalate released the December 2024 Top 100 LATAM Mobile App Bundle IDs Rankings for Open Programmatic Mobile Advertising on the Google Play Store and Apple App Store, highlighting the top mobile app Bundle IDs in key LATAM ad economies, including Brazil and Mexico.

Privado.ai, a leading product privacy management platform, will host its second annual Bridge Summit, a virtual technical privacy conference, on February 5-6, 2025. The conference will feature sessions led by privacy experts from organizations such as Grindr, HP, and PICCASO, focusing on topics like the future of privacy technology, efficiency, marketing and consent, AI, and career development.

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Stifel cut the price target for General Mills, Inc. (NYSE:GIS) from $77 to $70. Stifel analyst Matthew Smith maintained a Buy rating. General Mills shares fell 4.6% to close at $64.17 on Wednesday. See how other analysts view this stock. Canaccord Genuity raised the price target for Hut 8 Corp. (NASDAQ:HUT) from $14 to $22. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. Hut 8 shares gained 4.8% to close at $15.32 on Wednesday. See how other analysts view this stock. Oppenheimer boosted Veeco Instruments Inc. (NASDAQ:VECO) price target from $45 to $55. Oppenheimer analyst Rick Schafer maintained an Outperform rating. Veeco Instruments shares fell 1.1% to close at $45.83 on Wednesday. See how other analysts view this stock. Baird boosted the price target for Palo Alto Networks, Inc. ...Full story available on Benzinga.com

How do you grow a business where a customer's success often means they leave your product?

The dating app company posted strong growth and profitability for the third quarter.