Chat app Line doubles its stake in Snapchat clone Snow

Ahead of Snap’s eagerly-awaited IPO, Line, one of the U.S. tech IPO highlights of 2016, has doubled down on sister service and Snapchat clone Snow. Line and Snow both share the same parent company — Naver — but the two firms have increasingly become financially entwined. Line bought up 25 percent of Snow last September for $45 million, and now it is nearly doubling its… Read More