Snapchat’s most recent function, Snap Chart, will be based upon their newest purchase, social mapping business Zenly. TechCrunch has found that Snapchat provides bought Zenly to own ranging from $250 million and you can $350 mil from inside the mostly cash and lots of stock for the a deal you to definitely closed in late Get. Snapchat helps to keep Zenly running independently, exactly like how Myspace lets Instagram work with alone.

[Improve 8/: Snapchat’s SEC filings concur that it paid off $213.3 million inside dollars to own Zenly, even in the event a lot more preservation bundles and you can milestone-founded bonuses you may push it above the $250 billion tolerance.]

Just after significantly more searching, we’ve discovered out of offer nearby the bargain one Snapchat performed actually and get Zenly

Zenly’s app lets pages get a hold of where their friends currently take a map using ongoing GPS regarding background. Some body may then content these types of family relations regarding the app while making intends to go out.

The latest Paris-dependent startup’s application features 4 mil downloads centered on Alarm Tower, having twenty eight% out of France in addition to significant number in the Asia and additionally 12% from inside the Southern area Korea and you can 8% in the The japanese.Continue reading→