Mobile messaging startup Snapchat rejected an acquisition offer from Facebook Inc that would have valued the company at $3 billion or more, according to a Wall Street Journal report on Wednesday.
Facebook representatives reached out to Snapchat in recent weeks to discuss the all-cash deal, which would have been Facebook’s largest acquisition ever, the report said, citing anonymous sources.
I can’t imagine the conditions under which I’d refuse $3 billion.
That’s easy.
If it’s an offer for something worth more than $3 billion.
“I can’t imagine the conditions under which I’d refuse $3 billion.”
How about you can’t stand Facebook and the thought of your product that you worked on for so long being owned by them causes you to wake up screaming in bed at night?
Just a thought
Two years is a long time now?
This company will almost certainly be filing for bankruptcy or selling to some lame company for a tiny, tiny fraction of $3 billion within 5 years.
If I was in the “no revenue, value based on speculation” game that these companies are playing right now, I’d get out for that kind of money instantly, and then invest my time in a product that actually mattered.
I know of some people were 45 minutes is a long time.
$3b to shave the beard.
Do you know any reasonable people, though?
Pretty easy for me to imagine: Conditions attached I couldn’t live with.
As a crazy example, if the deal included someone beating each of my users with a stick until they died and there was no wiggle room, I’d walk. I’d be sad, but I’d walk.
Teenagers discreetly sexting each other totally matters.
I was thinking the same.
What were Snapchat’s founders thinking of when they started the business, anyway? Did they actually have ambitions of unseating Twitter in some way? How is Snapchat not just another knockoff social media service that was created to be flipped as soon as possble?