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Comcast's NBCU discloses $500 Million stake in Snap

Comcast's NBCU discloses $500 Million stake in Snap

Saturday, March 4, 2017, 2:58 PM

Comcast Corp's NBCUniversal, disclosed it has taken a $500 million stake in California-based Snap, the messaging service which launched its initial public offering this week. Snap which has a range of media partners, jumped 44% in its first day of trading after the biggest US technology listing since Facebook in 2012. Snap shares extended their gains Friday, rising 9.5% in early trade.
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