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September 8, 2016 10:06 pm GMT
Buying cool is the best way for big companies to stay cool. Snapchat rightly believes in itself, and now it’s getting bankers to bet on that vision without selling its precious equity. Snapchat has secured a line of credit led by Morgan Stanley, potentially with other banks participating,according to Recode. Snapchat can borrow against that credit line and pay it back later if it… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/-l5peitovcs/
Snapchat could buy startups without raising money via new credit line
Buying cool is the best way for big companies to stay cool. Snapchat rightly believes in itself, and now it’s getting bankers to bet on that vision without selling its precious equity. Snapchat has secured a line of credit led by Morgan Stanley, potentially with other banks participating,according to Recode. Snapchat can borrow against that credit line and pay it back later if it… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/-l5peitovcs/
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