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Life360 acquires Tile for $205 million

By Cookie Monster - on 24 Nov 2021, 12:00am

Life360 acquires Tile for $205 million

Leading family safety platform Life360 just announced it plans to acquire Tile for $205 million. The deal is expected to close in Q1 2022. 

Tile will continue to operate with its own brand identity under the leadership of Tile CEO CJ Prober. The Tile team is also expected to remain in place. 

The acquisition will accelerate the international growth plans of both companies. As they are now platform agnostic, they can reach a larger pool of target audience. Life360 also has access to consumers through over 27,000 retail stores where Tiles are sold, and over one million third-party devices which Tile technology has been activated.

Life360 expects its paid subscriber base to increase by 45% to 1.6 million while the reach of Tile's Finding Network will be boosted 10x. 

Source: Life360

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