Monday, October 6, 2014
Yahoo Planning Big Investment In Snapchat, Says Report
Yahoo is planning a big investment in Venice-based Snapchat, in a deal that values Snapchat at $10 billion, according to a report over the weekend. The WSJ reports that Yahoo is investing around $20M in Snapchat at the lofty valuation, using money it cashed out of the IPO of Alibaba. Neither company has confirmed any details of the deal.