Snapchat Rejected $3 Billion Facebook Acquisition Offer

Would have been Facebook's largest acquisition ever

(Reuters) - Mobile messaging startup Snapchat rejected an acquisition offer from FacebookInc 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.

Comments

[NotAnotherSkippy]

This is not what a bubble looks like.

[John C. Randolph]

They're on crack. When someone offers you three billion dollars for a company with no revenues and a product that can be duplicated in a week, take the money and run.

-jcr

[Thane is a cosmotarian!]

Those are some valuable sexts