Snapchat Parent Company to Raise $1 Billion in Debt Financing, Citing Potential Acquisitions

  • 📰 Variety
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Snap, the money-losing parent company of Snapchat, plans to issue $1 billion in debt securities for the purposes of working capital and potential acquisitions. In announcing the plans, Snap said it…

Snap, the money-losing parent company of Snapchat, plans to issue $1 billion in debt securities for the purposes of working capital and potential acquisitions. In announcing the plans, Snap said it plans to use the net proceeds from the offering for “general corporate purposes,” which is standard boilerplate. The company also said it may use [...]Chinese digital giant Tencent has entered negotiations with French media conglomerate Vivendi to buy a 10% stake in Universal Music Group.

]One of the more confusing aspects about the already confusing disintegration of PledgeMusic — the direct-to-fan marketplace that ceased operations earlier this year, leaving artists on the hook for a total sum estimated to be between $1 million and $3 million — is the British legal terminology used in the proceedings for the UK-based company: [...]Take Two Interactive investors sent the company’s share price down 5.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 108. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

How a coffee shop business turned into Australia's fastest-growing $1 billion start-upIn just three years, payments platform Airwallex has achieved much-coveted unicorn status, completing the company's transformation from a humble coffee shop.
Källa: CNBC - 🏆 12. / 72 Läs mer »