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Snap inks USD 3 bln cloud, storage deals with Amazon, Google

Friday 10 February 2017 | 09:11 CET | News
Snap said it will pay Amazon at least USD 1 billion for internet, cloud and infrastructure services over the next five years, adding to a USD 2 billion agreement it has also signed with Google, Bloomberg reported, citing an update to Snap's IPO documents. Snap will pay Amazon USD 50 million in 2017 and then spend progressively more through 2021. In the filing, Snap says it may still build its own infrastructure.

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Categories: Internet
Companies: Amazon / Google / Snap
Countries: World
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