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NBCUniversal sells off $500 Million in Snapchat shares

NBCUniversal quietly sold of their $500 million shares in Snapchat. The sale came late last year.

Snap, Inc. went public in 2017 and NBCU announced that they had invested $500 million. NBCU reported they sold the stake for $293 million, a loss of $263 million.

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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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