Friday, March 3, 2017

NBCUniversal Puts $500M Into Snap IPO

NBC Universal has invested $500M, as part of the big IPO of Venice-based Snap Inc. yesterday, the company disclosed on Thursday. NBCUniversal said the IPO investment was part of a strategic investment and partnership. The company reportedly is one of the investors in the IPO who agreed to hold SNAP's stock for at least a year before selling any on the market.