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SnapChat Turns Down $3 Billion Offer From Facebook
Dr Herbert West writes about a reported $3 billion offer from Facebook that Snapchat CEO Evan Spiegel turned down. "Snapchat, a rapidly growing messaging service, recently spurned an all-cash acquisition offer from Facebook for close to $3 billion or more, according to people briefed on the matter. The offer, and rebuff, came as Snapchat is being wooed by other investors and potential acquirers. Chinese e-commerce giant Tencent Holdings had offered to lead an investment that would value two-year-old Snapchat at $4 billion. Evan Spiegel, Snapchat’s 23-year-old co-founder and CEO, will not likely consider an acquisition or an investment at least until early next year, the people briefed on the matter said. They said Spiegel is hoping Snapchat’s numbers – of users and messages – will grow enough by then to justify an even larger valuation, the people said."
They must really hate Zuckerberg.
.. an honest company that says "sorry, we're aren't worth so much"
Images you can't forget but can't see after 30 seconds.
Some drink at the fountain of knowledge. Others just gargle.
Unfortunately, they made the written offer via Snapchat, so it disappeared after 10 seconds.