Categories: Snapchat

Snapchat Has Reportedly Acquired Mobile Search Engine App ‘Vurb’ For $110 Million

Snapchat is reportedly getting into the search business with the acquisition of Vurb, a mobile search engine app. The ephemeral messenger is paying $110 million (primarily in stock) for the five-year-old company, according to Quartz, while Vurb founder Bobby Lo will receive $75 million to remain at Snapchat over the next several years.

While it is unclear exactly how Snapchat plans to harness Vurb’s technology, Quartz notes that finding fellow Snapchatters to follow within the app can be trying — without having someone’s scannable Snapchat QR code at the ready or their precise username memorized. Therefore, enhanced search capabilities might make it easier for users to add friends. It could also make brands and publishers who don’t have exclusive destinations within Snapchat’s Discover section easier to find.

Snapchat, which confirmed its long-rumored $100 million purchase of Bitmoji maker Bitsrips last month when it integrated the use of personalized avatars within its app, has declined to comment on the Vurb reports.

Subscribe to get the latest creator news

Subscribe

The company has announced several content-related additions to its platform of late, however, including the fact that the NFL will become the first sports league to receive its own Discover channel come football season. Snapchat is also said to be in talks with major television networks and Hollywood movie studios about bringing more premium video programming into Discover.

Share
Published by
Geoff Weiss

Recent Posts

Soccer media brand Footballco is coming to America with several key hires

Footballco is betting on the growth of soccer in the United States. Over the past few…

2 days ago

MatPat-founded Theorist reveals new apparel brand at ‘Creator in Fashion’ show

As the co-host of the Creators in Fashion show that took place on April 25, Matthew Patrick (a.k.a. MatPat)…

2 days ago

Millionaires: Nicole Coenen is the internet’s favorite lesbian lumberjack

Welcome to Millionaires, where we profile creators who have recently crossed the one million follower…

2 days ago

YouTube salutes its Shorts as ad revenue soars to $8.1 billion in Q1 2024

Alphabet's earnings report for the first quarter of 2024 sent its stock price soaring sky-high.…

2 days ago

Snap stock jumps 25% after Q1 earnings beat projections. Also, 9 million people are now paying for Snapchat+.

Snap has had a rocky couple of years: several quarters of flat growth or declines,…

2 days ago

On the Rise: Rob can heal your workplace wounds

Welcome to On the Rise, where we find and profile breakout creators who are in…

3 days ago