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Take that, Facebook Inc. A year after rebuffing a $3 billion takeover proposal from Mark Zuckerberg, Snapchat Inc. is in talks to raise money from Alibaba Group Holding Ltd., people with knowledge of the matter said.
The valuation being considered is about $10 billion, more than three times what Facebook Chief Executive Officer Zuckerberg was willing to pay, said the people, who asked not to be identified because the talks are private.
Rest of article http://finance.yahoo.com/news/snapc...-smart-as-alibaba-weighs-stake-161915766.html
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Interesting thread at the time that the facebook offer was made...
http://cowboyszone.com/threads/snapchat-turns-down-3b-all-cash-acquisition-from-fb.274194/
The valuation being considered is about $10 billion, more than three times what Facebook Chief Executive Officer Zuckerberg was willing to pay, said the people, who asked not to be identified because the talks are private.
Rest of article http://finance.yahoo.com/news/snapc...-smart-as-alibaba-weighs-stake-161915766.html
====
Interesting thread at the time that the facebook offer was made...
http://cowboyszone.com/threads/snapchat-turns-down-3b-all-cash-acquisition-from-fb.274194/
