Snapchat Parent Seeks Profits As It Raises $1B In Debt Securities
PYMNTS
AUGUST 7, 2019
Snap , the money-losing parent company of Snapchat, is issuing $1 billion in convertible debt for working capital and future acquisitions, CNBC reported Tuesday (Aug. Snap plans to use the funds for “general corporate purposes,” and possibly “to acquire complementary businesses, products, services, or technologies,” the news outlet said. .
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