Bluetooth tracking company Tile acquired for $205 million
The acquisition values Tile at $205 million and should be finalized in the first quarter of 2022. Tile’s current CEO, C.J. Prober, will remain at the helm and Tile will retain its own branding. (It is also expected to retain its employees.) Prober will join Life360’s board.
Source: Bluetooth tracking company Tile acquired for $205 million - Ars Technica
It makes one wonder what the valuation would have been several years ago, prior to Apple making a competing device.