Nation
GOP-led House votes to sue Obama in first-of-its-kind lawsuit
84°

Topics

Amazon.com Inc.
Snapchat could become latest start-up to reach a $10-billion valuation
Snapchat could become latest start-up to reach a $10-billion valuation

Last year, Snapchat decided Facebook's $3-billion offer wasn't cool. You know what's cool? $10 billion. The Venice Beach start-up, whose app enables users to send photos and videos that disappear seconds after they're viewed, is reportedly in talks with investors including Chinese e-commerce behemoth Alibaba Group Holding for a funding round that would value the company at $10 billion. The discussions are ongoing and terms could change, according to a Bloomberg report, which cited unnamed sources with knowledge of the situation. If a deal happens, it would be vindication for Snapchat, which spurned hefty takeover offers from Facebook and Google to the bewilderment...

Loading