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.

Tanya <span>Editor In Chief</span>
Written By
Tanya Editor In Chief

She is a content marketer and has more than five years of experience in IoT, blockchain, Web, and mobile development. In all these years, she closely followed the app development, and now she writes about the existing and the upcoming mobile app technologies. Her essence is more like a ballet dancer.

News

Livestock App Breedr Secures £2.2M In Funding

2 min read  

Breedr, a livestock app has successfully bagged £2.2 million in a new seed round of funding. The Investment round was infused by LocalGlobe, a London-based venture capital firm. The funding also included an Innovate UK grant of £236,000.The other participants in the funding were from

News

Chat App WhatsApp Temporarily Unavailable in China

4 min read  

Sunday night marked another unhappening Monday morning for the dwellers of The Red Dragon. People in the mainland China woke up on Monday only to find out they are not able either to send or to receive WhatsApp messages and the video. WhatsApp had previously been blocked in the country but the ban w

News

How Mobile Apps are Improving the Hospitality Industry?

4 min read  

Today, smartphones can perform most of the tasks with various installed apps. In an industry where the services you offer are the ones that attract customers, hotels are taking advantage of mobile apps to show what they have. Gone are the days when people would line up and provide details of how lon

News

Google Releases AMP For Gmail, Now Turns Static Emails Into Dynamic

2 min read  

Google has released an AMP for Gmail, officially bringing the ability to change emails into documents and dynamic web page-like experiences from static emails.A little more than a year ago, Google announced that in due course it would start supporting AMP in Gmail. Google has finally rolled out

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