Yahoo is looking to buy a piece of Snapchat with an investment that values the hot messaging app at about $10 billion, according to reports. Yahoo is among a number of venture capital firms, including heavyweight Kleiner Perkins Caufield and Byers looking to infuse $20 million into Snapchat.
Yahoo is rich with cash after selling $5 billion worth of Alibaba stock in that company’s public offering. In 2005, Yahoo invested $1 billion in Alibaba, now an e-commerce giant in China, and it still maintains shares worth nearly $40 billion.
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