3/3: NBCUniversal bought $500mm in Snapchat IPO; hhgregg exiting Philly market, closing all eight stores




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NBC invested $500 million in Snapchat IPO as part of its ambitious investment in digital media (CNBC)

NBCUniversal explains why it just invested $500 million in Snap (Recode)

For NBCUniversal, Snap Is Fountain of Youth (NY Times: Dealbook)

Icontrol, Alarm.com Respond to Antitrust Suit: Honeywell Defines Smart-Home Market All Wrong
(CEPro)

Amazon Closes Its 'Cable Store'(TVPredictions)
Featured Comcast products and services.

Will AT&T, Comcast, Verizon Seek Fees From YouTube TV, Hulu? (IBD)





Bala Cynwyd-based Hamilton Lane rang the opening bell at the Nasdaq this morning.

Hamilton Lane made its initial public offering of 11,875,000 shares at a public offering price of $16.00 per share, adding to the list of major publicly traded Philly-area companies. The shares began trading on the Nasdaq Global Select Market on March 1, 2017 under the ticker symbol “HLNE”.

See Philly Tech News' writeup on the IPO.


Retailer hhgregg Is Closing a Lot of Stores and Cutting a Lot of Jobs (Fortune)
Appears to be  Is exiting Philly market, closing all eight stores.

Accolade Inc. to add 250 jobs in Plymouth Meeting (Philly.com)

How Uber Used Secret Greyball Tool to Deceive Authorities Worldwide (NY Times)





at 8:59 AM

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