News

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

Zero Zero Robotics is Know for Its Hover Camera

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.

Manish
Written By
Manish

With a mixture of literature, cinema, and photography, Manish is mostly traveling. When he is not, he is probably writing another tech news for you!

Want To Hire The Best Service Provider?
MobileAppDaily will help you explore the best service providers depending on your vision, budget, project requirements and industry. Get in touch and create a list of best-suited companies for your needs.
News

Reddit Unveils its Apps For Android & iPhone

4 min read  

Mobile apps have always played a crucial role in developing and enhancing the business unit’s profits as well as goodwill. Whatever size a business may have, it should ultimately aim to successfully develop a mobile app that caters to all the needs of the customers. It is extremely beneficial

News

Apple Releases iOS 11.3 Beta 3 For Registered Developers Only

4 min read  

Apple is rigorously working on iOS 11.3 update and just made iOS 11.3 beta 3 available  for the developers. However, the update is available only to the registered developers and they can access it over-the-air or via Apple’s Developer Center. We have already discussed the iOS 11.3 beta a

News

How Does Using Mobile Apps Benefit Various Industries?

4 min read  

Mobile apps are always with us, aren’t they?For instance, after making phone calls, the main purpose of smartphones is to run a wide range of mobile applications that can basically server any imaginable purpose.  According to Statista, by the year 2022, the total app downloads wil

News

Twitter Announced to Expand Tweets Limit From 140 Characters to 280 for Trial

4 min read  

For the first time, Twitter has decided to expand its tweet limit from 140 characters to 280. Twitter expressed its vision behind this decision to enable users to tweet their expanded thoughts without running out of words limit. The trial of expanded 280 characters will take place in selected langua

MAD Originals
MAD Originals

Cut to the chase content that’s credible, insightful & actionable.

Get the latest mashup of the App Industry Exclusively Inboxed

  • PRODUCTS
  • SERVICES
  • BOTH
Join our expansive network, build connections and expand your brand presence.