Snapchat Rejected $3 Billion Facebook Acquisition Offer
- OurStudio
- Nov 13, 2013
- 1 min read
(Reuters)—Mobile messaging startup Snapchat rejected an acquisition offer from FacebookInc that would have valued the company at $3 billion or more, according to a Wall Street Journal report on Wednesday.
Facebook representatives reached out to Snapchat in recent weeks to discuss the all-cash deal, which would have been Facebook's largest acquisition ever, the report said, citing anonymous sources.
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