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SNAP is excited to announce the closing of its merger with AVM Software, Inc. (d/b/a Paltalk), effective October 7, 2016. The mission of the combined company is to become the leading platform in connecting a global audience of users around interest categories and dating by leveraging live video and chat as the core method of communication. With eight social multi-platform products, a strong balance sheet, and aggregate annual revenues of approximately $30 million, SNAP is well positioned to deliver enhanced shareholder value.  For more information refer to the press release here.
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