WSJ Reports That Snapchat Rejected $3 Billion Buyout Offer From Facebook

Reuters:

Mobile messaging startup Snapchat rejected an acquisition offer from Facebook Inc 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.

It wasn’t too long ago that Facebook was on the other side of such a decision.

★ Wednesday, 13 November 2013