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February 27, 2017 04:48 am GMT
Ahead of Snap’s eagerly-awaited IPO, Line, one of the U.S. tech IPO highlights of2016, hasdoubled down on sister service and Snapchat clone Snow. Line and Snow both share the same parent company — Naver — but thetwo firms haveincreasingly become financially entwined. Line bought up 25 percent of Snow last September for $45 million, and now it is nearly doubling its… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/uDsG0iI9UT4/
Chat app Line doubles its stake in Snapchat clone Snow
Ahead of Snap’s eagerly-awaited IPO, Line, one of the U.S. tech IPO highlights of2016, hasdoubled down on sister service and Snapchat clone Snow. Line and Snow both share the same parent company — Naver — but thetwo firms haveincreasingly become financially entwined. Line bought up 25 percent of Snow last September for $45 million, and now it is nearly doubling its… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/uDsG0iI9UT4/
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