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This article was published on October 3, 2014


Yahoo reportedly close to investing in Snapchat

Yahoo reportedly close to investing in Snapchat
Josh Ong
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Josh Ong

Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him a Josh Ong is the US Editor at The Next Web. He previously worked as TNW's China Editor and LA Reporter. Follow him on Twitter or email him at [email protected].

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