I reported previously (5 times) on Israeli augmented reality startup Cimagine Media. Now Image messaging app Snapchat is buying Cimagine for an estimated $30-$40 million, marking Snapchat’s first acquisition in Israel. Cimagine will become Snapchat’s R&D center in Israel.

http://www.reuters.com/article/us-tech-imagine-snapchat-idUSKBN14E06X

http://www.timesofisrael.com/snapchat-acquires-israels-cimagine-report/