The internet company is set to contribute $20m to Snapchat's series D round, as it acquired instant messaging app MessageMe, providing Google Ventures with an exit.
Internet company Yahoo has commited to investing in instant messaging service Snapchat’s latest round at a $10bn valuation, sources have told the Wall Street Journal, pegging the investment at $20m.
The cash will be added to a $20m commitment made by venture capital firm Kleiner Perkins Caufield & Byers (KPCB) in May.
The series D funding would be added to approximately $144m raised by Snapchat from investors including internet company Tencent since it was formed in 2011.
The news emerged…
