Yahoo and Snapchat (photo: TheVerge)
CALIFORNIA - Yahoo, the Internet portal company from Sunnyvale, reportedly almost completed the acquisition of Snapchat messaging application service which is worth about USD10 billion. In the beginning, founder Snapchat, Evan Spiegal reportedly rejected the proposal as a USD3 Billion from Facebook.
BBC launch on Monday (10/06/2014), namely Snapchat messaging application service which is very likely the user to send images and video are immediately deleted after the second most viewed by the intended users.
With the exception of Facebook with proposals USD3 his Miliar, Snapchat also rejected the same proposal from Alibaba and Tencent in the end all this time.
According to The Wall Street Journal, Yahoo may be to invest USD20 million in funding round Snapchat then spend money after the stock results in Alibaba.
In 2005, Yahoo co-founder Jerry Yang to buy 40% stake in Alibaba about $ 1 billion. Yahoo selling half of the shares in the Intial public offering (IPO) mo. then, becoming more profitable Yahoo USD9 billion before taxes.