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June 21, 2017 10:18 pm GMT

Snapchat acquires social map app Zenly for $250M to $350M

Snapchat’s newest feature, Snap Map, is based on its latest acquisition, social mapping startup Zenly. TechCrunch has learned that Snapchat has bought Zenly for between $250 million and $350 million in mostly cash and some stock in a deal that closed in late May. Snapchat will keep Zenly running independently, similar to how Facebook lets Instagram run independently. Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/npjIR5yfa34/

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