NBCUniversal invested a whopping $five hundred million in Snapchat mum or dad
business Snap’s IPO, as “element of a strategic financial commitment and
resources advised CNBC’s Andrew Ross Sorkin.
Immediately after Snap popped 44% on day one particular, that stake is truly worth all over $720
million, a amazing $220 million up. Not undesirable for a single day.
famous that NBC seems to be the only media business with a
strategic stake in Snap so far (the other strategics are Alibaba
But it absolutely just isn’t NBC’s only big strategic financial commitment
in digital media. The business invested in BuzzFeed for the
next time late very last yr, bringing its full to $four hundred
million in the business, and has place $200 million in Vox.
NBC courted Snap CEO Evan Spiegel “for the previous yr”
CNBC documented. The providers also worked collectively (with
BuzzFeed as properly) on the Olympics, which snagged a large 2
NBC has agreed to hold the shares for at the very least a yr,
in accordance to CNBC.