- Bloomberg reports Alibaba (Pending:BABA) and other investors are in talks with Snapchat to invest in the ephemeral messaging service at a potential $10B valuation.
- Last year, Snapchat was reported to have rejected a $3B+ offer for Facebook; one report stated Google made a $4B offer.
- The reported valuation is on par with the pre-IPO target set by Asian mobile messaging giant Line (OTC:NHNCF), which has far more users (470M+ registered) and revenue ($338M in 2013) than Snapchat. It's also equal to 53% of the $19B price paid by Facebook for WhatsApp (500M+ active users).
- Alibaba has been on a huge investment spree ahead of its IPO, which is expected to arrive at some point after Labor Day.
From other sites
at MarketWatch.com (Tue, 12:47AM)
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