Grindr Inc. has entered into a definitive agreement to acquire PurposeMed Inc., the parent organisation of sexual health and HIV prevention telehealth provider Freddie, in a transaction establishing an upfront enterprise valuation of $250 Million with an additional performance based earn out of up to $70 Million. This transaction represents Grindr’s first major acquisition since its founding in 2009, signaling a strategic transition from an advertising and subscription suppor