Alibaba (BABA) Plans Investment in SnapChat at $15B Valuation - Bloomberg
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Price: $98.23 -1.32%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
EPS Growth %: +145.2%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.4%
EPS Growth %: +145.2%
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(Updated - March 11, 2015 5:43 PM EDT)
Alibaba (NYSE: BABA) plans an investment in SnapChat valuing the disappearing messaging and photo app at $15 billion, Bloomberg reported late Wednesday citing people familiar with the matter.
The Chinese e-commerce giant plans to invest $200 million in the financing, which is said to be outside a recent $500 million round that valued SnapChat at $16-$19 billion.
Alibaba declined to comment on the report.
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