The venture capital Division of the Alphabet, the CapitalG, formerly known as Google, Snapchat investment Capital, adding the social networking company logo to a page on your site of investment portfolio.
The CapitalG didn''t make a formal announcement and it wasn''t clear when the investment was made. The company wasn''t immediately available for comment.
Snap Inc, which operates the popular messaging application Snapchat, hired Morgan Stanley and Goldman Sachs to coordinate an initial offering of shares (IPO).
The banks were notified last month that received one of the most coveted and potentially lucrative IPO mandates in recent years, as the Snapchat can reach the market worth 25 billion dollars.
The Snapchat, which allows users to send pictures of smartphones that automatically disappear after a few seconds, has proven popular among teenagers.
The company would have rejected a takeover offer from Facebook that would have valued the company at $3 billion or more in 2013.
Reuters
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