Today's Hard|Forum Post
Today's Hard|Forum Post

Friday March 25, 2016

Snapchat Buys Bitstrips For $100M?

What's the old saying about having more money than brains? I think that might apply here.

Snapchat has agreed to acquire Bitstrips, the Toronto-based maker of personalized emojis known as bitmojis, Fortune has learned from multiple sources. One of the sources says that the deal is valued "in the ballpark" of $100 million, via a mix of cash and stock.