Report: Snapchat Turns Down $3 Billion Offer From Facebook

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The messaging app Snapchat is once again the focus of acquisition rumors as a new report claims that the company recently turned down a $3 billion offer from Facebook

According to sources in contact with The Wall Street Journal, Facebook made an offer of “$3 billion or more,” but Snapchat cofounder Evan Spiegel is opting to wait until 2014 in hopes of a better valuation for the company

When contacted for comment regarding the acquisition report, a Facebook spokesperson told Mashable, “We don’t comment on rumors and speculation.”

In October, the Journal put out …

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Via: Mashable: Business

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