Snap Inc. acquires Placed for a reported $200 million, Fisker Electric vehicle photos unveiled and pre-orders scheduled to begin late June, and Honk licenses its roadside assistance app to Farmers Insurance.
Snap Inc. has acquired location data startup Placed Inc. of Seattle for $200 million, reports the Business Journal. Placed measures how effectively advertising campaigns drive customers to buy merchandise in-stores.
Car designer Henrik Fisker released new images of his forthcoming EMotion, luxury electric vehicle which claims a range of 400 miles and a top speed of 161 mph, reports the Verge. The company says it will open up preorders for the $129,000 vehicle at the end of June.
Honk signed a deal to license its roadside assistance app to Farmers Insurance Group, reports TechCrunch. People with knowledge of the deal said it could be worth over $150 million to Honk, as it eyes an international rollout, though the company’s chief executive declined to confirm or deny that value.
Technology reporter Garrett Reim can be reached at firstname.lastname@example.org. Follow him on Twitter @garrettreim for the latest in L.A. tech news.
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