According to foreign media October 8, Yahoo is ready to sell Alibaba shares of the proceeds of some of the income, investment in mobile phone application software start-up company Snapchat. The software enables users to send information that is burned after they have been read. Data map the newspaper quoted three sources as saying that Yahoo and Snapchat held consultations and expected Yahoo to join the latter round of financing. reported that this round of financing for the Snapchat valuation of about 10 billion U.S. dollars, it is not clear how much Yahoo intends to invest. Snapchat is a very popular application software. Yahoo and Snapchat were not immediately available for comment by Reuters. The Wall Street Journal quoted two sources as saying that two investors, institutional Venture and DST Global, were also planning to join the round of Snapchat.
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