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Wireless

Tencent buys stake in Snap

Wednesday 8 November 2017 | 13:09 CET | News
China's Tencent has acquired a significant stake in Snap, the owner of the app Snapchat. In its quarterly filing with the SEC, Snap said Tencent bought 145.8 million non-voting shares through open market purchases. This is equal to over 10 percent of Snap's outstanding shares.

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Categories: Mobile & Wireless
Companies: Snap / Snapchat / Spirit / Tencent
Countries: World
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