Snapchat reportedly acquiring mobile discovery app Vurb for $110 million

Snapchat is said to be in the late-stage process of acquiring mobile search and discovery app Vurb for $110 million.
According to The Information, the purchase of Vurb will give the ephemeral messaging app company more resources to bolster its messaging and search features. Sources told the publication that 75 percent of the price tag would be in stock while the rest are in cash. Snapchat is also said to be heavily interested in Vurb’s founder Bobby Lo, a serial entrepreneur who previ