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(Reddit’s majority shareholder is Advance Publications, which also owns WIRED publisher Condé Nast.)Meanwhile, regulatory maneuvers have become a front in the trade war between the US and China.Last year CFIUS blocked the sale of money-transfer service Money Gram to Ant Financial, a company owned by Alibaba and its CEO Jack Ma, and China scuttled Qualcomm's efforts to acquire the Dutch chipmaker NXP.
For example, the popular video-sharing app Tik Tok is owned by the Beijing-based company Bytedance, and Chinese tech giant Tencent invested 0 million in Reddit earlier this year.
Kunlun is now seeking to sell Grindr following the CFIUS assessment, according to Reuters.
Grindr declined to comment; CFIUS and Kunlun did not respond to requests for comment.
It's a potential gold mine for blackmailers, but that might not be the agency's only worry.
Governments are increasingly concerned about how data can be used by adversaries, says Brett Bruen, the former director of global engagement in the Obama administration who now runs the consulting firm Global Situation Room.
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