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Yahoo reportedly investing in Snapchat

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After snatching up Tumblr, Yahoo is reportedly chasing another teen-focused phenomenon for investment: Snapchat, according to The Wall Street Journal.

Yahoo just came into some money with Alibaba’s IPO. Sources told the Journal that Yahoo is in talks to lead Snapchat’s next round, which could value it at $10 billion, or roughly 9 Tumblrs.

About Vineesh Mohan

A Technical Support specialist with strong customer service and good communication skills. I live in the city of Cochin, which known as the Queen of Arabian Sea.
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