The Traderszone Network

Published in TZ Latest News 3 October, 2014 by The TZ Newswire Staff

Yahoo reportedly eyes investment in Snapchat

REUTERS – Yahoo Inc plans to invest a part of the proceeds from the Alibaba Group Holding Ltd stake sale in mobile app Snapchat, which lets users send messages that disappear after a few seconds, the Wall Street Journal said. Yahoo and Snapchat held talks that are expected to lead to an investment in the mobile-messaging startup’s next funding round, the Journal said, citing three people familiar with the matter. The round values Snapchat at about $10 billion and it was not clear how much Yahoo plans to invest in the hugely popular application, the Journal said. …