According to reports, that’s what a group of investors, including Chinese e-commerce giant Alibaba, are valuing the disappearing photo app company in funding talks. Snapchat, which has already raised $100 million in venture capital, turned down a $3 billion buyout offer from Facebook last year, a decision many observers mocked at the time.
The e-commerce company, which is 24% owned by Yahoo, filed to raise at least $1 billion. The company’s prospectus confirms what Yahoo investors already knew.
While it was expected this year, the company announced today that it’s starting the process. It’s a moment that Yahoo shareholders have been salivating over for years.
Weibo, a Twitter-like company in China owned by Sina, filed to go public in the U.S. today. It is seeking to raise up to $500 million in an IPO.
The company spent a lot of money buying companies and issuing a dividend to Yahoo shareholders. But its advertising business is still struggling, sending its stock down 5% today on its fourth-quarter earnings report.
A totally unscientific analysis of the latest buzz-worthy startups joining the billion-dollar valuation club, ranked from least to most justified.
How a jokey online holiday for bachelors became a mammoth doorbuster sale triple the size of Black Friday.
Yahoo has a huge stake in Alibaba, an e-commerce company that is basically the equivalent of Amazon in China. That company just reported a blowout day in sales on one of China’s biggest shopping days.
Yahoo has decided to hold onto an extra 53 million shares to take advantage of the Asian e-commerce company’s expected post-IPO pop.
But, not necessarily Marissa Mayer.
Yahoo’s worth nearly $30 billion. But a lot of that value has come from acquisitions. Some have worked out — others not so much.