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Report: Snapchat Rejects $3 Billion Facebook Offer

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. Facebook declined to comment. Snapchat could not immediately be reached for...

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