NBCUniversal invests $500 million in Snap

NBCUniversal is now the only U.S. media company that has an official stake in Snap. Today, NBC Universal (which is a unit of Comcast) revealed that it invested $500 million in Snap as a strategic investment partnership during yesterday’s IPO. Snap shares popped 44 percent in the first day of trading. NBCUniversal has been pursuing digital media aggressively in the past year, including… Read More