Snapchat Snaps Up Maker of Bitmoji App for $100 Million

MarketWatch: Snapchat has agreed to pay more than $100 million in cash and stock to acquire Bitstrips, the maker of popular virtual-sticker app Bitmoji. The Bitmoji app lets users create customized cartoon avatars that look like them, and then send them using a special smartphone keyboard. The app, initially launched in October 2014, has surged in popularity.