Tuesday, 7 January 2014

Snapchat turned down Facebook’s $3B acquisition offer because …



Snapchat co-founder and CEO Evan Spiegel now shares the team’s rationale for declining. In 2013, Facebook had been courting Snapchat with a proposed acquisition, reportedly for $3 billion in cash, and netting co-founders Evan Spiegel (pictured above) and Bobby Murphy about $750 million each from their own equity in the tech startup. The proposed acquisition [...]

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via Singapore Cosplay Forum by SGCafe - VR-Zone http://forums.sgcafe.com/vr-zone/249054-snapchat-turned-down-facebooka-s-3b-acquisition-offer-because.html

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