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.