NBCUniversal invests $500 million in Snap as part of $1.5 billion M&A of digital media firms in the last 18 months

Jordan Crook posted: "NBCUniversal is now the only U.S. media company that has an official stake in Snap. Today, NBC Universal (which is a unit of Comcast) revealed that it invested $500 million in Snap as a strategic investment partnership during yesterday’s IPO.

Snap shares"

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NBCUniversal invests $500 million in Snap

by Jordan Crook

NBCUniversal is now the only U.S. media company that has an official stake in Snap. Today, NBC Universal (which is a unit of Comcast) revealed that it invested $500 million in Snap as a strategic investment partnership during yesterday’s IPO. Snap shares popped 44 percent in the first day of trading. NBCUniversal has been pursuing […]

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Jordan Crook | March 3, 2017 at 6:16 am | Tags: Snap, nbcuniversal, Comcast | Categories: Apps, Fundings & Exits, Startups, TC | URL: http://wp.me/p1FaB8-67PE

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