By Jill Goldsmith Snapchat parent Snap Inc. said it plans to offer $750 million in senior notes to raise fresh cash and that it may use some of it for acquisitions. “Snap intends to use the net proceeds from the offering for general corporate purposes, including working capital, operating expenses, capital expenditures [and] may also use a portion of the net proceeds to acquire complementary businesses, products, services, or technologies.” The company also said it may use the case to repurchases Snap’s common stock, “although it has no commitments for any material acquisitions or stock repurchases at this time,” it said in a filng with the SEC.
Read more on deadline.com
Celebsbar.com is a large online platform sharing celebrity gossip and latest showbiz news. Exclusive interviews, fresh photos and videos, breaking news, scandals and more is waiting for you here.
Stay tuned to know everything you wish about your favorite stars 24/7.
Check our daily updates and make sure you don't miss anything about celebrities' lives.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.