Report: Snapchat Buys Cimagine Media
socalTECH
DECEMBER 28, 2016
Venice-based Snap, Inc. , the parent company of Snapchat, has reportedly acquired Israeli startup Cimagine Media. Cimaging Media develops augmented reality technology. The deal is reportedly worth between $30M and $40M. The acquisition was first reported by a local Israeli financial daily. Cimagine was founded in 2012.
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