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March 3, 2017 11:31 am -05

NBC invested $500 million in Snap's IPO

Yesterday, Snap Inc. (parent company of Snapchat) finally went public -- and despite some controversy, it had a pretty good first day on the stock exchange. As it turns out, that's due in part to a massive investment from NBC Universal, which put a w...

Original Link: https://www.engadget.com/2017/03/03/nbc-invested-500-million-in-snaps-ipo/

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Engadget

Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics. Engadget was launched in March of 2004 in partnership with the Weblogs, Inc. Network (WI

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