00:00Grindr has agreed to acquire HIV prevention telehealth company Freddie for $250 million in cash and stock, marking its first
00:09major acquisition.
00:10Freddie's parent company, PurposeMed, provides sexual health services including HIV prevention and operates in both Canada and the U.S.
00:18The deal includes $190 million in cash and $60 million in Grindr stock, with another $70 million potentially tied to
00:272027 performance targets.
00:30Grindr plans to combine Freddie with its existing health care efforts under a new Grindr Health business.
