Comcast’s NBCUniversal Invests $500 Million in Snap IPO

CNBC: NBCUniversal, a unit of Comcast, invested $500 million in Snap during its IPO as part of a strategic investment and partnership. The stock allocation by Snap to NBCUniversal appears to be the only one made to a new strategic investor, which would make NBCU the only U.S. media company with a stake.