Blue Duck Capital Urges Snap Inc. Board of Directors to Raise External Capital for Specs to Unlock Sum-of-the-Parts Value
PR Newswire•06/10/2026•09:00 ET
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Key Highlights
- ➤Blue Duck urges Snap to raise external Specs capital without diluting shareholders
- ➤Blue Duck projects Snap shares could more than double to $12-14
- ➤Specs spending estimated at $500 million annually could be removed from Snap’s core business
- ➤Blue Duck values Specs at $5 billion based on comparable precedents
- ➤Snap’s core advertising and subscription business trades at 2-3.5x estimated 2027 EBITDA
Blue Duck Capital Urges Snap Inc. Board of Directors to Raise External Capital for Specs to Unlock Sum-of-the-Parts Value PR Newswire
Outlines Path to Significant Upside for Snap and Attractive Specs Asset in Open Letter to the Board
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