Snapchat’s Financing Talks With Alibaba End: Bloomberg
Snapchat’s financing talks with China’s Alibaba are over. The developer of a popular app that allows users to send messages that disappear after a few seconds was reportedly in talks last week with investors, including Alibaba, for financing that could value the company at $10 billion. Snapchat, popular among teenage users, turned down a $3 billion acquisition offer from Facebook last year.
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