Snap says it will raise $1B in convertible senior notes that will mature in 2026, to invest in more media content, AR, and acquisitions (Sheila Dang/Reuters)

Sheila Dang / Reuters:
Snap says it will raise $1B in convertible senior notes that will mature in 2026, to invest in more media content, AR, and acquisitions  —  (Reuters) - Snap Inc (SNAP.N) on Tuesday said it will raise $1 billion in short-term debt and plans to invest in more media content, augmented reality features and may also buy other companies.