Advertisement
Canada markets close in 3 hours 58 minutes

  • S&P/TSX

    21,947.98
    +62.60 (+0.29%)
     

  • S&P 500

    5,099.20
    +50.78 (+1.01%)
     

  • DOW

    38,240.08
    +154.28 (+0.41%)
     

  • CAD/USD

    0.7310
    -0.0013 (-0.18%)
     

  • CRUDE OIL

    83.87
    +0.30 (+0.36%)
     

  • Bitcoin CAD

    86,811.26
    -828.20 (-0.95%)
     

  • CMC Crypto 200

    1,322.95
    -73.59 (-5.27%)
     

  • GOLD FUTURES

    2,349.10
    +6.60 (+0.28%)
     

  • RUSSELL 2000

    1,995.48
    +14.36 (+0.72%)
     

  • 10-Yr Bond

    4.6650
    -0.0410 (-0.87%)
     

  • NASDAQ

    15,916.59
    +304.83 (+1.95%)
     

  • VOLATILITY

    15.27
    -0.10 (-0.65%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Yahoo plans to invest in Snapchat: WSJ

Reuters
A Yahoo logo is pictured in front of a building in Rolle, 30 km (19 miles) east of Geneva, in this file picture taken December 12, 2012. REUTERS/Denis Balibouse

(Reuters) - Yahoo Inc plans to invest a part of the proceeds from the Alibaba Group Holding Ltd stake sale in mobile app Snapchat, which lets users send messages that disappear after a few seconds, the Wall Street Journal said.

Yahoo and Snapchat held talks that are expected to lead to an investment in the mobile-messaging startup’s next funding round, the Journal said, citing three people familiar with the matter.

The round values Snapchat at about $10 billion and it was not clear how much Yahoo plans to invest in the hugely popular application, the Journal said.

Yahoo and Snapchat were not immediately available for comments.

ADVERTISEMENT

Institutional Venture Partners and DST Global, two previous Snapchat investors, are also planning to invest in the company, the paper reported, citing two people familiar with the matter.

Yahoo's shares were up 1.4 percent at $41.07 in late trading on Friday.

(Reporting By Nayan Das in Bangalore; Editing by Don Sebastian)