Life360 Is in Active Negotiations with Potential Acquisition Targets
October 26, 2021 at 06:30 pm EDT
Share
Chief Executive Officer of Life360, Inc. (ASX:360),?Chris Hulls said, ?Life360 is in active negotiations with potential acquisition targets that will accelerate our vision of being the dominant platform for a much broader suite of family services, including transactions that could simultaneously result in a dual listing on the U.S. exchange. Regardless of the outcome of any M&A transaction, we have engaged advisers to begin the process to dual list on the U.S. exchange in CY '22?.
Life360, Inc. is a provider of technology platform used to locate the people, pets and things that matter to families. The Company has a category at the intersection of family, technology, and safety to help keep families connected and safe. Its products include Life360 Subscription Offerings, Life360 Platform, Tile Product Line, Tile Subscription Offerings, Jiobit Product Line and Jiobit Subscription Offerings. The Life360 mobile application operates under a freemium model where its core offering is available to users. In addition, three paid membership subscription options are available for users looking for a variety of features, such as additional safety features for the everyday family: Life360 Silver, Life360 Gold, and Life360 Platinum, which offer users a comprehensive suite of premium safety services. It offers four key product features that combined make up the Life360 Platform: location coordination and safety, driving safety, digital safety, and emergency assistance.