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Not only that, but nobody forked over billions for Snapchat. The company took investment at a price that suggests we can extrapolate a total valuation in the bi
by cwp 13y ago
Not only that, but nobody forked over billions for Snapchat. The company took investment at a price that suggests we can extrapolate a total valuation in the billions, but nothing like that amount of money has actually changed hands. Lenovo is putting up $2 billion in cash for this deal.
- nl 13y agoSnapchat turned down a $3 billion offer from Facebook. That's what the snarky comments are about.
- cwp 13y agoAgain, that's not cash on the barrel head. That's a rumor. Was it $3 billion in Facebook stock? Was it $1 billion plus a performance bonus? Would Snapchat continue to operate independently, or was it a huge acquihire? We know what IBM's server business is worth. Snapchat's valuation is just speculation.