Report: Yahoo Plans Investment in Snapchat
Yahoo--fresh off a deal to acquire mobile messaging app company MessageMe--plans a $20M investment in Snapchat, which values Snapchat at over $10 billion, according to a report. The reports, from the WSJ, says Yahoo is reinvesting funds it received from the IPO of Alibaba in Snapchat.
posted on Monday, October 6, 2014
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