China's Tencent takes 12 percent stake in Snap as shares plunge

November 8, 2017 by  
Filed under News

(Reuters) – Snap Inc said on Wednesday that Chinese tech and media investment firm Tencent Holdings Ltd had taken a 12 percent stake in the company, a day after the owner of disappearing-messaging app Snapchat was punished by Wall Street for disappointing quarterly results.

Source: Reuters Business News

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