Google Capital buys more shares of Snapchat

Google Capital, Alphabet subordinate investment department, had announced to rename as CapitalG last Friday. In the meanwhile, it revealed that it would buy more shares of Snapchat. However, Google Capital did not confirm the date, reason and share ratio of investing Snapchat. Winnie King, Google spokesman, confirmed that Snapchat is one of the companies that Google Capital invests on. Snapchat spokesman made no comment concerning financial details.

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Google Capital was established in 2014. It specializes in investing on mature enterprises. It stated its goal on official website that it aims to make investments