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