Media: Tencent, Chinese internet and mobile services company, acquires 12% of Snap.Inc

News Tank Football - Paris - News #106037 - Published on 13/11/17 at 17:19
©  Snap Inc.
©  Snap Inc.

Tencent, a Chinese internet and mobile services company, has acquired an additional 12% stake (145,778,246 shares) in Snap.Inc, the parent company of Snapchat, the photo and video sharing app, on 08/11/2017. Tencent previously participated in Snapchat's fundraising in 2013.

The announcement came during Snap.Inc's quarterly results, which...

©  Snap Inc.
©  Snap Inc.

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