• Snap confirms that it paid $213 million to buy Zenly and $135 million for Placed

    11 days ago - By Business Insider

    Snap Inc. has confirmed the price tags for its acquisitions of Zenly and Placed.
    The Snapchat maker paid $213 million in cash for Zenly in May and $135 million for Placed in July, according to documents filed with the SEC on Friday.
    Reports surfaced saying that Snap had bought France-based Zenly after the debut of Snap Maps , but Snap hadn't officially confirmed the acquisition until now. Zenly built a similar app to Snap Maps that let people see where their friends were on a map.
    Snap confirmed that it bought Seattle-based Placed in early June, but never confirmed reports that it paid...
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