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Report: Snapchat In Talks With Investors, Including Alibaba Group

     
3:59 pm on Jul 30, 2014 (gmt 0)

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This looks like a move by Alibaba to involve itself in more US investments.

Snapchat Inc., the company that makes a mobile application for disappearing photo messages, is in talks with investors including Alibaba Group Holding Ltd. for a round of financing that may value the company at $10 billion, people with knowledge of the situation said.

The talks are ongoing and the terms of the funding may change, said one of the people, who asked not to be identified because the talks are private. Report: Snapchat In Talks With Investors, Including Alibaba Group [bloomberg.com]
 

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