Report: Snapchat Turns Down $3 Billion Offer From Facebook

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 a similar report, claiming that Facebook had offered to acquire Snapchat for $1 billion Read more...