NBCUniversal is Snap’s largest media investor after pouring $500 million into IPO
March 03, 2017 at 10:45 AM EST
Comcast Corp.’s NBCUniversal said it invested $500 million in Snap Inc.’s initial public offering, according to an internal memo from NBCU Chief Executive Steve Burke, making it the largest U.S. media company to invest in the parent company of Snapchat.