Yahoo reportedly close to investing in Snapchat

After snatching up Tumblr, Yahoo is reportedly chasing another teen-focused phenomenon for investment: Snapchat, according to The Wall Street Journal. Yahoo just came into some money with Alibaba’s IPO. Sources told the Journal that Yahoo is in talks to lead Snapchat’s next round, which could value it at $10 billion, or roughly 9 Tumblrs. ➤ Yahoo Nears Investment in Snapchat

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