WORLDTECHStartups & Business DEVELOPING
Investor urges Snap to raise outside capital for Specs
First reported Source: The Next WebLast editorial activity
What happened
Blue Duck Capital Partners has written to Snap’s board urging it to sell about a fifth of its Specs subsidiary at a $5B valuation, raising $1B to fund roughly two years of spending without diluting Snap shareholders.
Sources & evidence
- The Next Web Reporting source
Investor urges Snap to raise outside capital for Specs ↗
https://thenextweb.com/news/snap-specs-blue-duck-france