Snapchat is Looking To Acquire Zero Zero Robotics, a | MobileAppDaily
Social Media

Snapchat is Looking To Acquire Zero Zero Robotics, a Selfie Drone Maker From China

Zero Zero Robotics is Know for Its Hover Camera

https://dk2dyle8k4h9a.cloudfront.net/Snapchat is Looking To Acquire Zero Zero Robotics, a Selfie Drone Maker From China

Snapchat is trying to come up with the new tactics to allure the more users after WhatsApp gone a hit by cloning its story feature. This quarterly report isn't satisfying for the Snapchat and the company knows the key to make a comeback in the market. Recently the company has acquired a mapping startup named Zenly.

This time the American company is trying to go through the hardware feature and in talks to buy drone maker Zero Zero Robotics. The Zero Zero Robotics is a tech startup specializes in making drones for the selfie purpose. The acquisition is the drone maker by the Snapchat is expected to close between $150-$200 million if completed. A couple of months back the Snapchat bought the Zenly for $250 million, which is the highest amount spent by the company to date. However, Neither the Snapchat nor the Zero Zero Robotics has given anything about the deal.

This is not the first time the Snapchat is trying to take a drone manufacturer in the squad. Earlier this year The Snapchat tries to buy the drone manufacturer Lily and it ends with the unsuccessful deal and the shutdown of the company due to financial issue.

The Zero Zero Robotics is best known for its Hover Drone camera which is built to take the aerial selfie. The drone was launched in October last year and the Apple sold it for $500 through both online channels and retail stores.

 

Initially, the company was looking for the investment of about $25 million, but it seems Snapchat feels no danger in buying it in more than that. The Chinese drone maker at first contacted the Snapchat for the potential investment which turns in the presumptive acquisition.

Investing in the selfie drone firm is quite a good opportunity for the Snapchat to enter into the hardware competition as its share went down from $17 to $13.10 since March. Snapchat also tried to build the selfie drone by itself, but eventually, the program shuts down and the company decided to go outside to the specialist.

For the Latest tech news and reviews, follow MobileAppDaily on Twitter, Facebook, LinkedIN, Instagram and Flipboard.

James Lawson
Written By
James Lawson

James is a writer and editor at MobileAppDaily and he is famous as a tech journalist at MobileAppDaily. He focuses on the mobile app startups & ventures and brings them to the light. He has started his career as a tech writer 6 years ago just after completing his degree in Broadcast and Digital Journalism.

Top Companies

InMobi
Singapore
Dot Com Infoway
New York, USA
M&C Saatchi Mobile
New York City, USA
Techmagnate
New Delhi, India
Fetch
London, UK
View full report

Latest Articles

Join our global community 135K Followers
Social Media

Unsend Facebook Message Feature Soon To Be Available On Facebook

Neha Baluni 4 min read  

We all have, at some point in time regretted sending out messages that we were not meant to send. Wouldn’t it had felt nice if we were able to unsend these messages? If a new rollout gets implemented on the global Facebook platform, the users would very much become able to unsend their message

Social Media

WhatsApp New Feature Will let You Pin Your Chat

James Lawson 4 min read  

Mobile applications world is growing rapidly and technology evolving every day. This transformation is pushing the developers to add new attributes to the app either to ease the user or giving them something new to check out. Even the giant well-established app like social media apps Instagram, Face

Social Media

Instagram Adds Support For Third Party Android Apps Providing Two-Factor Authentication

Vikram Khajuria 2 min read  

Instagram, takes the users' security seriously for not repeating the mistakes of its parent company. The social media platform has been working on a new feature for months and now finally released it. Instagram now, supports the third-party authentication apps like Google Authenticator and Duo M

Social Media

Wait Is Over: Giphy Is Back On Snapchat

Neha Baluni 4 min read  

Earlier this year, both social media platforms including Snapchat and Instagram added the GIF support on its platform that they removed after users find racist GIF on the platform. There were a lot of controversies on the racist GIF issue as a result of which the Giphy integration was removed from S