Wednesday, December 28, 2016

Report: Snapchat Buys Cimagine Media

Venice-based Snap, Inc., the parent company of Snapchat, has reportedly acquired Israeli startup Cimagine Media. The deal is reportedly worth between $30M and $40M. Cimaging Media develops augmented reality technology. The acquisition was first reported by a local Israeli financial daily. Cimagine was founded in 2012.

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