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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.

What’s more surprising, O’Toole points out, is that Kunlun apparently didn’t try to clear the deal with CFIUS in advance.“I think it may be the start of a trend,” he says.

“As more high-profile deals come to light, I think we'll see the committee reaching back to undo deals more often."Foreign investments aside, Grindr's handling of sensitive private data has been a concern.

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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