Tencent is set to exit the location-tracking technology developer in an acquisition by Life360 that follows over $100m in venture funding.

Life360, a provider of family safety management software, revealed on Monday it plans to buy US-based item-tracking software developer Tile in a $205m deal that would enable internet group Tencent to exit. Tile has created a cloud software platform which enables users to find missing consumer items by triggering a ringing sound that can be…

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