Life360 Inc. (ASX:360) has completed the strategic acquisition of Tile, Inc. a global leader in finding things which locates millions of unique items every day. The acquisition was announced on the 23rd of November when Life360 entered into a binding agreement to acquire 100% of Tile for a purchase price of up to US$170m plus up to US$35m in retention awards for Tile employees, representing a total consideration of up to US$205m (equivalent to approximately A$282.8m).
Following the announcement, shares of Life360 Inc. traded 7.9% lower at $8.40/share.