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NOV 13, 2013 - Yahoo! News

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Snapchat Rejects $3 Billion Offer from Facebook

Facebook bought Instagram for $1 billion. The Snapchat guys told Facebook to take a hike.  Facebook had earlier offered to buy Snapchat for more than $1 billion, the people briefed on the matter said. In recent weeks, Facebook representatives contacted Snapchat again to discuss an all-cash offer that would have valued Snapchat at $3 billion or more.

Tags: Snapchat Rejects $3 Billion Offer from Facebook,  Facebook Latest News