Oct 12 Photo-sharing app Snapchat has chosen Morgan Stanley and Goldman Sachs Group Inc as lead bankers for its initial public offering, which could happen as soon as March, Bloomberg reported, citing people familiar with the matter.
The banks were notified of their role early this week, according to the report. (bloom.bg/2dSoglp)
Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, the Wall Street Journal reported last week.
JPMorgan Chase & Co, Deutsche Bank AG, Allen & Co, Barclays Plc and Credit Suisse Group AG will also be involved as joint book runners, Bloomberg reported on Wednesday.
Snapchat and the lead bankers were not immediately available for comment. (Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Shounak Dasgupta)
AT&T reaches deal to buy Time Warner for more than $80 billion -WSJ
Oct 22 AT&T Inc reached a deal to buy media company Time Warner Inc for more than $80 billion, The Wall Street Journal reported on Saturday.
Trump vows to weaken U.S. media 'power structure' if elected
GETTSYBURG, Pa. , Oct 22 U.S. Republican presidential candidate Donald Trump promised on Saturday to foil a proposed deal for AT&T Inc to buy Time Warner Inc if he wins the Nov. 8 election, arguing it was an example of a "power structure" rigged against both him and voters.