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Snapchat acquires social map app Zenly for $250M so you’re able to $350M

Snapchat acquires social map app Zenly for $250M so you’re able to $350M

Snapchat’s latest feature, Snap Map, is dependant on the latest buy, public mapping startup Zenly. TechCrunch features discovered that Snapchat provides ordered Zenly to own between $250 billion and you may $350 billion when you look at the mostly bucks and some stock inside a package one closed-in late Could possibly get. Snapchat will keep Zenly powering separately, just like exactly how Fb lets Instagram manage alone.

[Up-date 8/: Snapchat’s SEC filings confirm that they paid down $213.step three billion when you look at the bucks for Zenly, in the event extra maintenance bundles and you may milestone-centered bonuses you certainly will force they above the $250 billion tolerance.]

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