Tile to be acquired by Life360 tracking platform

Tile, a popular company focused on tracking devices is about to be acquired by another tracking company Life360.

According to the announcement, Tile is being acquired for $205 million and the purchase is expected to be completed in the first quarter of 2022.

Tile was founded in 2012 and it offers a variety of tracking devices that work similarly to AirTag. While Apple’s accessory is only available in one design, Tile has trackers that fit different types of use.