Snapchat’s most recent feature, Breeze Chart, will be based upon the most recent acquisition, public mapping business Zenly. TechCrunch have discovered that Snapchat keeps purchased Zenly to possess anywhere between $250 million and you may $350 billion in mostly dollars and some stock into the a package you to closed-in late Could possibly get. Snapchat keeps Zenly running separately, like how Fb lets Instagram work with alone.

[Update 8/: Snapchat’s SEC filings make sure it paid $213.3 mil when you look at the cash to possess Zenly, even when more retention packages and you may milestone-mainly based bonuses you will definitely force they over the $250 mil endurance.]

Once a lot more digging, we now have read regarding offer close to the contract one Snapchat performed in reality and acquire Zenly

Zenly’s app lets pages find where people they know currently take a chart using ongoing GPS throughout the records. Lees verder →