Snapchat turned down the offer, because apparently their valuation was already at $3.5 billion from before. A new rumor says they may have turned it down because they also got another offer from Google – of $4 billion.
Check these links below for more information:
http://valleywag.gawker.com/rumor-snapchat-also-turned-down-billions-upon-billions-1464626439
http://www.androidheadlines.com/2013/11/google-supposedly-tried-outbid-facebook-pay-4-billion-snapchat.html
Check these links below for more information:
http://valleywag.gawker.com/rumor-snapchat-also-turned-down-billions-upon-billions-1464626439
http://www.androidheadlines.com/2013/11/google-supposedly-tried-outbid-facebook-pay-4-billion-snapchat.html
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