Reuters logo
Snapchat in financing talks with Alibaba at $10 bln valuation-Bloomberg
July 30, 2014 / 3:00 PM / 3 years ago

Snapchat in financing talks with Alibaba at $10 bln valuation-Bloomberg

July 30 (Reuters) - Snapchat, an app that lets users send messages that disappear after a few seconds, is in talks with investors, including Alibaba Group Holding Ltd, for financing that could value the company at $10 billion, Bloomberg reported, citing people with knowledge of the matter.

The terms of the funding may change, Bloomberg said. (bloom.bg/1kmrSvN)

Neither Snapchat nor Alibaba were immediately available for comment when contacted by Reuters. (Reporting by Aurindom Mukherjee in Bangalore; Editing by Robin Paxton)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below