7 posts in this topic

Posted

Snapchat, a rapidly growing messaging service, recently spurned an all-cash acquisition offer from Facebook for $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

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Posted

Damn. That must have been a tough call.

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Posted

IMO pretty silly not to sell out.  Snapchat has already lost it's charm in my circle of friends - the peak has already passed.

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Posted

I always hold out for $5 billion :p

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Posted

$3 billion, if thats just for himself hes a greedy bastard and deserves his company fall to crap...i dont even know what snapchat is tbh but im not social media type person

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Posted

capitalism. it's completely bonkers.

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Posted

facebook probably wanted them just to get rid of the competition...

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