Life360 Completes Tile buy
- Life360 (360) has completed its acquisition of fellow US-based bluetooth tracking business Tile
- The company, which owns and runs the family-tracking app Life36 0, spent US$205 million (A$284 million) acquiring Tile
- The company funded the acquisition through a $280 million underwritten equity raise, with an offer price of $12 per CDI
- The platform previously labelled the Tile acquisition as the “most impactful deal in our company’s history”
- Company shares are down 7.13 per cent at $8.47
