Foursquare Acquires Placed from Snap Inc.

May 30, 2019

Foursquare has signed an agreement to acquire Placed from Snap Inc., adding Placed Attribution to Foursquare’s location technology product suite. The deal is supported by a $150 million investment in Foursquare led by The Raine Group to fund the acquisition and accelerate R&D; Placed founder David Shim will join Foursquare’s executive team.

Buyers
Foursquare, The Raine Group
Targets
Placed
Sellers
Snap Inc.
Industry
Data & Analytics
Location
Washington, United States
Transaction Type
Divestiture

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