Snapchat to Acquire Bitstrips for $100 Million: Report
Snapchat is buying Bitstrips.
According to Fortune, Snapchat has agreed to acquire the Toronto-born maker of “bitmojis” for around $100 million.
Founded in 2007, Bitstrips last raised venture capital in 2014 from Horizons Ventures and Kleiner Perkins Caufield Byers.
Snapchat is valued at around $12 billion.