Snapchat Reportedly Acquires Toronto-Based Bitstrips For $100 Million

According to Fortune, Toronto based Bitstrips has been purchased by Snapchat for approximately $100 million USD. The company started in 2007 that allowed users to create personalized digital comics and share them with friends on Facebook and other social media platforms. In 2014, the company shifted its focus to mobile and launched personalized emojis (Bitmojis) through iOS and Android.

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